How is the market today? $XAUUSD will hedge against oil?

XAUUSD0,33%
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NonceNinja
· 04-21 21:02
My intuition is that when geopolitical conflicts intensify, oil and gold may rise together; but once a recession trade begins, the likelihood of weak oil and strong gold increases.
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SandwichMev
· 04-21 11:17
Gold and crude oil sometimes move in the same direction, sometimes in opposite directions, mostly driven by macro factors, not fixed hedging.
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MountainShadowsBeforeTheStorm
· 04-20 16:08
Today has been quite volatile; let's first look at the US dollar index and US Treasury yields.
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BitByBitBenny
· 04-20 12:37
Short-term, it’s more like everyone going their own way; don’t expect a one-click mutual offset.
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ColdStartUnderTheAurora
· 04-20 08:00
During the same time period, the correlation may be close to zero; using it for hedging is not as good as setting proper stop-losses.
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TidalShellReflection
· 04-20 07:57
I'm monitoring the market here: when DXY surges, gold struggles; crude oil still depends on inventory and news, the correlation isn't that strong.
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GateUser-fb035825
· 04-20 07:55
Today, gold prices mainly depend on Federal Reserve expectations, while oil is more influenced by supply and demand + OPEC news.
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ReefUnderTheMoonlight
· 04-20 07:53
Hedging should consider the correlation coefficient window period; do not apply long-term conclusions to the current situation.
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GovernanceGremlin
· 04-20 07:53
You can monitor the WTI-Gold ratio, and discuss hedging strategies when the deviation is too large.
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MarginMarmot
· 04-20 07:50
Are you trying to hedge against inflation or volatility? Different goals require completely different strategies.
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