The correlation between USD strength and Gold I think is more than a binary relationship. Hence I have great difficulty explaining the movement up or down definitively. This is the reason I try not to form a bias just by reading reports whatever it is without the reference of a chart.
Currently the rate hike probability has gone up. How it impacts gold I have no idea. What I do know is that I have to assume US economy is not as weak as what the market expected. If anyone carry the conspiracy or I don't believe baggage, then feel free to fight the market. Remember the whole thing is manipulated and I will not refer to it as being rigged. I just want to be on the right side of that "Gorilla" market.
The correlation between USD strength and Gold I think is more...
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