Skip to content
Subscriber Only

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
Gold and Silver Casting at the Perth Mint
Photographer: Carla Gottgens/Bloomberg

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.