❓ Question#forex
T
Trading Wolf
Trader · · 217 views
What is the correlation between Gold and USD?
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I notice Gold and USD seem to move in opposite directions. Is this always the case?
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💡 2 Answers
✅Best Answer
PA
Price Action Pro
Trader · 15 days ago
Gold is priced in USD, so generally an inverse correlation exists. When USD strengthens, Gold gets more expensive for foreign buyers → price falls. This correlation holds roughly 70-80% of the time.
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WC
Wolf Cub
Trader · 15 days ago
The correlation breaks during geopolitical events when both Gold and USD strengthen simultaneously as safe havens. Always confirm with current price action rather than assuming the inverse relationship.
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