GOLD 0.51% $1,391.7 gold futures

gold, page-54286

  1. 4,679 Posts.
    lightbulb Created with Sketch. 145
    Skol, you are right as usual. There is a strong negative correlation between Gold and Interest rates. Interest rates down Gold up and vice versa.

    As can be seen below. The top table shows correlations over 2 yrs the table below shows the same over the current 3 mth period.

    Periods of deviation are normal but the link between interest rates and gold is undeniable. When (not if) debt buyers demand a higher interest rate then gold will plummet.

    https://hotcopper.com.au/data/attachments/1689/1689332-83fafa857e89bc5bd68e592a9db9b3c7.jpg

 
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