Correlation between ON RRP and Gold

٣٠ يونيو ٢٠٢١

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.