Gold's Dollar Correlations are Back... For Now!
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Housekeeping: Good Morning.
Remember the Toilet paper panic during Covid?
Now imagine that for Gold…
Today:
* Commentary: Dollar Correlations are Back
* Premium: Gold may be toppy
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Dollar Correlations are Back
Gold Dollar Correlations are returning, and with them susceptibility to downside volatility. As the banks start to recommend gold to western investors, they are using the coming Fed rate cuts as reason to buy or sell gold. That has reminded them of correlations.
It follows from this, as…
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