Correlation between ON RRP and Gold
Hello Traders,
I hope you all are safe and good.
I wanted to show an interesting negative correlation between Fed's Overnight Reverse Repurchase Agreements and Gold Price.
You may also see a FRED GRAPH about that on below,
fred.stlouisfed.org/series/RRPONTSYD
Question is; Will there be much more weakness on Gold Price?
I guess we'll see that soon.
Share your ideas and comment below about that,
Have a good evening,
Stay safe.
I hope you all are safe and good.
I wanted to show an interesting negative correlation between Fed's Overnight Reverse Repurchase Agreements and Gold Price.
You may also see a FRED GRAPH about that on below,
fred.stlouisfed.org/series/RRPONTSYD
Question is; Will there be much more weakness on Gold Price?
I guess we'll see that soon.
Share your ideas and comment below about that,
Have a good evening,
Stay safe.
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