RE:$USD inversely related to price of GoldWhile a strong dollar makes holding gold more expensive in other currencies, the relationship is not always inverse. It depends more on why the dollar is rising. From 2014 to date gold is more or less dropped about 5% while the dollar index rose about 25%.. Gold priced in EURO and most other currencies actually rose by about 20% during the same period. Resson is the follar rose because the American economy and interest rates are seen strengthening and rising respectively compared to other major economies embarking on quantitative easing and looser monetary policies.
Gold now correlates inversely more with equities performace than with the dollar, as stocks are percieved to go higher they draw money from gold since holding hold does not pay except through appreciation, another factor keeping gold low is the inflation outlook which seems tame across the globe. We have seen gold go higher and lower with rising dollar, so while logically the relationship should be inverse it is not always the case due to reasons mentioned above.