Gold vs. Fed Funds Futures

Gold vs. Fed Funds Futures Chart showing the current divergence between gold and the implied Fed funds rate. Image: Longview Economics

Gold vs. Japanese Yen

Gold vs. Japanese Yen This chart shows the strong correlation between the Japanese yen and gold, as they tend to offer similar safe haven characteristics. Image: Jeroen Blokland

Average Price Performance of Gold, Oil and Base Metals during Four Military Conflicts

Average Price Performance of Gold, Oil and Base Metals during Four Military Conflicts This chart shows the average price performance of gold, oil and base metals during the following military conflicts: 1980 Iran-Iraq War, 1990 Gulf War, 2003 Iraq War, 2011 NATO-led military intervention in Libya. Image: J.P. Morgan Commodities Research

U.S. Real Yields and Gold (Leading Indicator)

U.S. Real Yields and Gold (Leading Indicator) Chart suggesting that real yields could fall further, either through lower rates or higher inflation expectations. Image: Bloomberg

Gold and U.S. 10 Year Real Rate

Gold and U.S. 10 Year Real Rate During the next recession, when fear skyrockets, gold could outperform rates. Image: Goldman Sachs Global Investment Research

Central Bank Gold Purchases

Central Bank Gold Purchases This year, central banks are purchasing gold at record highs, due to geopolitical tensions. Image: Goldman Sachs Global Investment Research

Gold Price and Central Bank Gold Sales & Purchases

Gold Price and Central Bank Gold Sales & Purchases Chart suggesting that gold purchases from central banks have contributed to the rise in gold prices. An R² of 0.85 (since 2004) is quite high and significant. Image: BofA Merrill Lynch Global Research

Oil, Gold, Silver, and Wheat vs. Commodities

Oil, Gold, Silver, and Wheat vs. Commodities Chart showing that individual commodities have historically moved together over a long period of time. Image: Wells Fargo Investment Institute