Market Update – Breakdown in gold and U.S. dollar inverse correlation


The breakdown of inverse correlation between Gold ( GLD , quote ) and the U.S. dollar ( UUP , quote ) started Feb 20 th FOMC minutes when first real whiff of tapering came into the conversation.

Gold began to follow the USD then actually led the USD into its spike lower in mid-April.  From that point they are highly correlated.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , International , Stocks

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