Many people think that the US dollar and gold go in the opposite directions. Is that always true?
Many people think that the US dollar and gold go in the opposite directions. Well, in many cases it is true but look at this chart:
Source: Stockcharts.com
The chart shows that taking 2008 as a starting point (financial crisis of 2007 - 2008), both instruments (gold and dollar) are significantly up:
This article is not an investment advice. I am not a registered investment advisor. Under no circumstances should any content from here be used or interpreted as a recommendation for any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational purposes only.
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