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Gold as a commodity (like Oil, Copper, Iron and to a certain extent Silver) has a tendency to move in the opposite direction to the USD because it is priced in USD so when USD falls, commodities are cheaper for those outside the USA. But Gold is also a safe haven (as to a certain extent is the USD along with the JPY and the CHF). Thus if RISK ON or RISK OFF is driving the markets then Gold and USD will move in the same direction. If you don't understand this dual nature of Gold you shouldn't either be trading Gold nor using it as a value line for Equity indices, currencies, bonds etc.
