The dollar down, gold up. This is a consistent playbook of recent months as the negative correlation between the two has become increasingly strong (currently around -0.92). So with the Dollar Index breaking below its 93.5/94.0 support band, this has come as gold is looking to break above its $1902/$1926 resistance band. The dollar is weakening due to the perception of US politics and risk appetite. Joe Biden has clear daylight in the opinion polls for the US Presidential Election (averaging now around 10% lead). Here is the BBC’s poll tracker: This is helping to ease market concerns of a chaotic election result ... (full story)