Gold (XAU) and Inverted Dollar (DXY) Are in Perfect Sync

Gold price charts are almost completely identical to the inverted dollar rate, The Market Ear shows.

We draw your attention to the fact that the dollar is inverted, that is, in real life, the prices of gold and dollars are almost perfectly inversely proportional. 

This synchrony is explained by the fact that when the dollar falls, investors begin to look for a safe haven to avoid inflation and turn to gold. Besides, a depreciation of the dollar means an increase in other currencies, which also contributes to an increase in demand for precious metals.