Bringing you live news and features since 2006 

ETF Securities’ research details negative relationship between gold and the USD

RELATED TOPICS​

Martin Arnold – Director –FX & Macro Strategist from ETF Securities has written a piece of research on gold’s history, detailing its inextricable link and negative relationship w

Martin Arnold – Director –FX & Macro Strategist from ETF Securities has written a piece of research on gold’s history, detailing its inextricable link and negative relationship with the US dollar.
 
He writes that the US Dollar and gold volatility moving back in sync highlights gold acting as a currency rather than metal in the current environment. The pair has the power to rally simultaneously, as the Fed chases inflation higher against a backdrop of global monetary stimulus, he says.
 
Gold has a peculiar status as a monetary metal, part asset and part currency, traded in US Dollars (USD), and as such has a relatively strong and persistent inverse correlation with the US currency.
 
Arnold writes: “While it depends on the end investors’ perspective into which category – currency or metal – gold is placed, its relationship to the US Dollar can be instructive about its future direction.”
 
 
 

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by