Friday, June 18, 2010
Gold And The Greenback: Mostly Negatively Correlated But Sometimes Positively So
In a Seeking Alpha article, Bespoke Investment Group has produced a chart of the rolling six-month correlation between gold and the U.S. dollar over the last ten years or so. Although normally negative, that correlation has become positive from time to time. The most sustained period of positive six-month correlation was in 2005. There's no attempt to establish a relationship between it and the gold price.