Gold Rose in 75% of Dollar Drawdowns, but Rarely Like This

The gold-dollar relationship held in nearly 75% of dollar drawdowns over 50 years, though the median gain was only 1.7%. David Scutt, Senior Market Analyst for Global Macro at StoneX Media, walks through more than 50 years of data on how gold has behaved during sharp US Dollar Index declines. Across 334 comparable episodes where the US Dollar Index fell at least 2% from an intraday high to a subsequent intraday low within ten trading sessions, gold rose most of the time but rarely by much. The recent move sat around the 94th percentile for size. What happened after the dollar found a low split sharply depending on whether the US Dollar Index rebounded or kept falling. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_david_scutt&utm_content=share 0:00 Gold Jumps as Dollar Slides 0:24 334 Drawdowns, One Pattern 0:54 A 94th Percentile Outlier 1:21 The Dollar Decides From Here Like and subscribe for more financial market insights. #Gold #StoneX #DavidScutt #Forex