Gold Prices Supported By the Dead Cat Dollar 
Monday, July 24, 2017 at 07:35PM
Gold Prices


Gold prices move up and down against different currencies depending on the strength of gold and also the respective performance of the currency that gold is measured against. Our interest is in golds performance when compared with that of the US Dollar. Gold has an inverse correlation with the dollar so when the dollar does well gold prices tend to fall and vice versa. Gold made an all-time high in 2011 peaking at $1900.00/oz just as the dollar traded below ‘75’ on the US Dollar Index. Since then we have seen the dollar improve and touch the ‘103’ level at the end of last year, registering a gain of some 27%. This correlates with golds fall of around 34% ($1900/oz to $1250/oz) for the same period.


US Dollar Chart

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