October Proves to Be Rare Good Month for Both Gold and Dollar
- Rout in emerging markets attracts investors seeking havens
- Worries about inflation, midterms may drive gold: CMC Markets
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Normally, investors wanting to guess which way gold is headed look to the dollar.
When the greenback goes up, the precious metal almost always goes down. Few assets have a stronger inverse correlation to the Bloomberg Dollar Spot Index, with gold favored as a hedge against the world’s reserve currency.