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The Price of Gold Compared to the US 'King Dollar' Index

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Jesse
Le Cafe Americain
Published : January 11th, 2019
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Category : Gold and Silver

Here is a comparison of the US Dollar DX Index and the price of Gold in US Dollars.

There is a fairly reliable inverse correlation. That means when the dollar moves higher, gold tends to move lower. And vice versa.

This does not have to be the case. It just sometimes works out that way.

The true corrleation may very well be considered a positive one to some currency component of the DX index, such as the Euro.

Sometimes both values, gold and the Dollar, move together, especially during periods of risk stress when both gold and cash dollars may act as safe havens.
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