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How a falling dollar affects gold

Posted on 02 May 2011

Statements by Chairman Ben Bernanke on April 27 shouldn’t have surprised investors. Following the Federal Reserve’s press conference, the Fear Trade continued full speed ahead. Gold hit a new high while the dollar fell further.
As gold investors know, the metal has historically been negatively correlated with the dollar, meaning when the greenback is weak, gold tends to be strong. That correlation is reaching an extreme, widening substantially over the last year……………………………………….Full Article: Source


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VRS - who has written 36171 posts on Opalesque Commodities Briefing.


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