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AAAU - Gold: Fundamentally Balanced And Not Interesting
Goldman Sachs Physical Gold ETF
As a start, let's look at how gold correlates with other markets. This helps us to better understand which driver is the most important for gold at the moment.
Gold is a protective asset and, therefore, a fall or a rise of the stock market should have an effect on its value. But there is no significant correlation between the dynamics of changes in the S&P 500 and the gold price at the moment:
Next, let's look at the correlation between gold and the Volatility Index (VIX). Here we also do not find a strong