US Dollar Fluctuations Have No Meaningful Impact On the Price of Gold – Mish Talk

US Dollar Fluctuations Have No Meaningful Impact On the Price of Gold – Mish Talk


Dollar and Gold charts courtesy of StockCharts.Com annotations by Mish

Dollar and Gold charts courtesy of StockCharts.Com annotations by Mish

Dollar Movement is Irrelevant

“Gold is getting hammered by the rising dollar. Sinking like a rock!” said another reader.

Sinking like a rock. How funny. 

Repeat after me, US dollar moves are irrelevant to the price of gold over any meaningful time frame.

I drew a horizontal line with the US dollar index at 87.5 to get enough data points for comparison. If you prefer another level, be my guest and try it. 



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