Gold and the USD are the most correlated since July 2010. Despite the surging USDollar - which any mainstream media pundit will tell you should crush the hopes and dreams of the barbarous relic - gold prices are surging since the start of 2015. The latest $50 jerk higher came after the SNB decision asthe safety of non-fiat currencies was sought aggressively. At $1270, gold is at its highest since Sept 2014.
The SNB decision smashed the precious metal $50 higher...
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Pushing gold to 4 month highs...
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Gold and the USD are once again 'highly' correlated in the short-term - something that has occurred at various times in recent years around major risk events...
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