EURGOLD correlation

FX:EURUSD   Euro / U.S. Dollar
When EUR is gaining some value, USD is losing it and therefore, XAUUSD's price based on USD is increasing. But this time, this didn't work apprently. Although correlation doesn't imply causation but still interesting to think about it.
The second reason to question is the hedging process. But yet, this did not have a direct impact either. Just think
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