Gold vs. U.S. 10-Year Real Yields and U.S. Dollar Index - 3-Month Correlation of Weekly Return

Generally, U.S. 10-year real yields and the U.S. dollar are negatively correlated with the price of gold.

Image: Goldman Sachs Global Investment Research

Gold vs. U.S. 10-Year Real Yields and U.S. Dollar Index - 3-Month Correlation of Weekly Return