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Marina Schwarz

Gold and Greenback Move Together

Marina Schwarz in Markets & Trading

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Marina Schwarz    + 1,576

Marina Schwarz

Funny thing that stock market dip yesterday. Both the dollar and gold moved up, reversing a decades-old relationship of moving into different directions. Is there nothing holy anymore? Oil's getting increasingly detached from the greenback, now this...

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Addy    + 14

AW

dollar and gold are both considered safe havens in times of trouble (globally, even)--I'm guessing this is why they are moving together instead of inversely. 

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