GOLD, in comparison with major currencies, sometimes has a negative correlation. During the downtrend of the main currency pairs, clients are used to trade Gold as well, expecting rises in price. Also, from time to time, the Australian dollar quotes have a positive correlation with GOLD chart...
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Spot gold lost 0.82% to $2,387.88 an ounce. U.S. gold futures fell 0.37% to $2,392.70 an ounce. (Reporting by Sinéad Carew in New York, Amanda Cooper in London, Wayne Cole in Sydney and Rae Wee and Vidya Ranganathan in Singapore; Editing by Matthew Lewis and Stephen Coates) ...
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Soft sell or no, OCM must aim for goldDan Guen Chin in Sydney
Sydney5:50 pm (Local) Opens in64h 0m Tokyo3:50 pm (Local) Opens in65h 10m London6:50 am (Local) Opens in1h 10m New York1:50 am (Local) Opens in7h 40m Trading Conditions Market Hours* Closed Now Monday 16:01 Tuesday 00:30 ...