Gold Moving Sunday Night July 6, 2025
Gold is showing a similar graph to oil a couple months ago when it was leading up to the Israel-Iran attacks which caused the massive rally in oil shown below. To help us tell if gold will do the same, it’s key to watch the USD. The US dollar has been showing a steady and small uptrend that could be signalling the start of a stronger USD — or it could be a trick causing a fake out just because of events and sentiment from last week. When dollar goes up gold goes down, and vice versa.
If the USD breaks down, we could see gold do what oil did — maybe not as much as big of a move in such a short time frame.
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