What is the relationship to the USD of the price of gold ?
If Gold goes up the USD goes ___________ ?
Or is it a more complicated relationship?
LOU
If Gold goes up the USD goes ___________ ?
Or is it a more complicated relationship?
LOU
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Quoting TearlachDislikedone source claims, when gold goes up
CHF goes up
AUD goes up
CAD goes up
USD goes down (~80% of time)
good luckIgnored
Quoting IsotonicDislikedI think gold is a factor in the AUD & CAD, so this might also be interesting to follow.
I wonder for commodity pairs then does the commodity lead the currency most of the time?Ignored
Quoting habeebDislikedNo luck with gold too. This market seems too confused to me. A bit slow but sometimes it moves well. Haven't followed it the past week. There were talks of the price reaching $500.Ignored
Quoting merlinDislikedi agree, i wont touch gold right now. even though im bullish on the dollar (which should be bearish for gold, right?), i need to see some direciton out of this market. as isotonics graph shows, gold looks like stormy water!Ignored
Quoting IsotonicDislikedIf the supply/demand equilibrium is disturbed then this will affect the amount of commodity per unit price (gold for dollars).Ignored
Quoting merlinDislikediso, is gold only denominated in dollars? for instance, if a chinese person wants to buy gold, do they first have to convert their yaun to dollars? or can they straight buy gold with their yaun?Ignored
Quoting narafaDislikedHey Isotonic I think you posted a reply and it was removed or you deleted it.
Anyway, the answer to your questions is yes of course and without any hesitation and that's exactly what happened before several times. Just give history a deeper look man
Thanks,
Nader.Ignored
Quoting IsotonicDislikedYes I removed it! I thought it might be a bit too political for these boards. I thought if I made a cutting remark about the US govt then people might take offence.
You just never know...Ignored