If the ECB starts cutting rates, the USD index will become...

If the ECB starts cutting rates, the USD index will become practically irrelevant to the price of gold. It's nearly irrelevant now as there is little weighting given to currencies with strong monetary policy behind them.

Nearly 60% of the weighting for the USD index is the Euro. It is possible and even likely for the USD to strengthen relative to the Euro and still have the price of gold moving up significantly due to global inflation.

The staggering inflation of other commodity prices over the last two weeks is extremely bullish for gold.