Gold – Weekly
Currencies and Gold
There is a correlation between gold and the US dollar – they usually trend in opposite directions. Gold usually trends in the opposite direction to the US dollar and the same direction as foreign currencies, such as the Japanese Yen. One chart we can use to monitor this correlation is the Japanese Yen to US dollar pair, a rise would be positive and a fall negative for gold.
Treasuries and Gold
US treasuries move in the same direction, both are safe havens for investors; a rise in treasury prices is positive for gold.