Save US Dollar Index
US Dollar Index and gold have a negative correlation for two reasons:
1. Gold is USD-denominated. When the US dollar appreciates, gold costs investors using other currencies more.
2. Gold and USD are substitutes because they are both used as international reserve and hedging tool. If $ is stronger, demand for gold declines.
Latest Stats
-
US Dollar Index (L)2022-05-19102.83
-
Gold Futures Price (R)2022-05-191,840.12
Feedback