The two assets currently share a correlation coefficient of -0.96, a very strong negative correlation. Therefore, if the DXY continues to move higher, one could suspect that XAU/USD will be moving lower! The US Dollar Index (DXY) continues to soar as today it reaches its highest level since October 2002 near 108.19. Expectations are for […]
The post Multi-Decade Highs in DXY Continues to Push Gold Lower appeared first on Action Forex.
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