You have to drop down to a smaller timeframe for the inverse correlation to be apparent. Its does cross over now and then to go the other way, which would on a larger time frame give the impression of tracking oil. Gold and DXY are inverse as well, but alo correlate at times when least expected.
In a deflationary market, ie a crash, I believe gold is sold off wildly as it is frequently used as collateral. Then when the selling stops, its resumes its cycle.
Btw, great use of ChatGPT there, he he, say, do you reckon maybe the BLS get their data from ChatGPT?
You have to drop down to a smaller timeframe for the inverse...
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