OANDA:XAUUSD   Gold Spot / U.S. Dollar
Fundamental Point of View
This is the inverse relationship between yields and prices. In expansionary mode of Fed, bond yield drop and the price is rise, USD rise. In tightening mode of Fed, Bond Yield up and price down, USD down.
USD have positive correlation to Bond yields. And negative correlation to Gold . As both hold status as reserves for Central Banks.

And in the tightening mode of Fed, like we are gonna get in probably in March. It will bring the USD up and yield up. So the gold?

- If bond yield DOWN & USD down, GOLD = UP
- If bond yield UP & USD up, GOLD = DOWN


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