Loading ...LIBOR-OIS vs $USD vs Gold
If the historic relationship between LIBOR-OIS & $USD continues to hold, $USD is going to rally here.
If $USD rallies here and the inverse relationship between $USD and Gold holds, Gold is going to fall:
https://www.zerohedge.com/news/2018-04-04/matt-king-real-reason-behind-blow-out-libor-ois
Another brick in the ST (1-3 month) PM bearish wall.
The relationship between Libor-OIS and gold is far from clear cut, just like interest rates. In fact the last gold bull started with rapidly rising Libor-OIS. See my chart above.