Martina
Fri Oct 25 2024
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5 answers
999
How does DXY affect gold?
I'm curious about the relationship between DXY and gold. Specifically, I want to understand how changes in the DXY index might impact the price of gold. Can someone explain this to me?
mia_clark_teacher
Sun Jul 21 2024
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8 answers
2356
Does DXY affect gold?
Could you elaborate on the potential correlation between the US Dollar Index (DXY) and the price of gold? Is there a direct relationship, or is it more nuanced? I've heard that when the DXY rises, it tends to push down the price of gold. Could you explain why that is, and are there any exceptions to this rule? Also, does the impact vary depending on market conditions or other economic factors? Understanding this relationship could help investors make more informed decisions when it comes to diversifying their portfolios.
