![Gold Correlation Analysis](http://www.macro-investing-strategy.com/wp-content/uploads/2010/11/gold-oil-stocks-2000-2010-150x150.png)
Short-term movements in price suggest gold is a risk-off asset. The gold correlation with risk-on assets like oil and equities should be negative in this scenario. However, the evidence suggests that gold behaves like a commodity in the long-run. Gold has a positive correlation to oil and a negative correlation to stocks. The magnitude of [...]