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.

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

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

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Here is the gold/US dollar volatility surface.

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