Dollar Neutral gold in a strong rally
While it doesn't look like gold is going anywhere lately, its priced is being pushed down by a rising dollar. Despite a strong dollar, gold has been moving sideways for a year. Global QE is reaching ridiculous levels and rates AREN'T RISING.
Here is a view of the dollar neutral Gold and the relative performance of Gold priced in euros relative to the Euro currency.
Here is a view of the dollar neutral Gold and the relative performance of Gold priced in euros relative to the Euro currency.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.