Gold, US Dollar Inverse Correlation Weakens Due To Coronavirus Fears

The coronavirus is ravishing China … and may soon ravish the USA as well. As a result, the inverse correlation between gold and the US dollar is weakening and resembles the weakening that occurred during the financial crisis.

mycorona

Yes, gold is rising again in the face of coronavirus fears ravaging the Chinese economy.

goldfed

The CFTC’s Gold Non-commercial long contracts/futures remains near an all-time high.

cftcgoldfutures

Here is the gold/US dollar volatility surface.

goldvolsurf

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