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Gold-US$ equation changes, commodities follow

Posted on 13 March 2009

From Commodityonline.com: Traditionally, gold would have an inverse relationship with dollar. When US dollar rises gold falls and vice versa. However, in the past few months both the gold and US dollar are simultaneously rising.

Daniel Tenengauzer, Head of foreign exchange strategy at Merrill Lynch notes that the correlation between the US dollar and the price of gold has suddenly and inexplicably broken down….. Full Article: Source


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VRS - who has written 40705 posts on Opalesque Commodities Briefing.


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