I think gold is very much correlated to currency, especially...

  1. george_a
    2,574 Posts.
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    23/05/03
    20:57
    Post #: 176363
    I think gold is very much correlated to currency, especially euro movements, given its traditional currency safe haven status.

    Given that the euro is almost 1.18 against the USD, which is more than a cent up from early this morning, you'd expect gold to rally. Cheaper for euro holders to buy.
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    lightbulb Created with Sketch.  Great analysis
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