USD and Gold Move in Tandem, Signalling Risk Aversion
BonTradeGold price remained firm in European session but failed to exceed yesterday's high. Despite traditional negative correlation, gold and USD has been moving in tandem since the outbreak of the anti-government unrest in Egypt. The situation indicates risk aversion in the market and investors seek for safe-haven assets. Protests were also seen in Algeria although the government said that 'domino effect' would not apply to the country.
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USD and Gold Move in Tandem, Signalling Risk Aversion
