The relationship between gold and interest rates has come “unglued” in the short term, according to Hedgeye CEO Keith McCullough.
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"Gold is bullish from a trend perspective--it still has to hold above $1,305," McCullough says. “What gold really has is a big inverse correlation to the U.S. dollar,” he explains in the excerpt above from The Macro Show. |
Watch the video above for a full explanation.
