Plenty has been said about $usindex and gold price inverse correlation.Did some research and found similar $us index numbers over the last 5 years compared with the then gold price.
$ud index gold price date
80.84 1105 26-02-10 80.76 911 8-07-09 81.14 931 15-06-09
83.02 930 15-05-09
86.57 884 21-04-09
89.09 918 9-03-09
80.14 751 11-09-08
80.47 692 6-09-07
81.63 441 9-03-05
71.32 920 22-04-08($us low)
As can be seen a similar dollar index in 2005 saw a gold price of $us441 compared to todays 1105.in aussie dollars from 550 to 1245 up%126.The $us index hit a low 0f 71.32 2008 for a gold price of only 920.if the dollar was to hit that mark now where would the price of gold be?correlation is getting weaker by the day.any views?
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