There is a negative correlation between the dollar and gold, but recently, because both of them are waiting for the Fed to cut interest rates, the Fed has not cut interest rates, resulting in a weakening of the negative correlation between the dollar and gold and a situation of going hand in hand.

However, due to the expansion of novel coronavirus's influence on the United States, the Federal Reserve once said that it would approach zero interest rate, which led to a sharp drop in the US dollar index, and gold rose all the way above 1 1,600, maintaining a high level in recent years.