World stock markets were little changed, with both Tokyo and Toronto closed for national holidays.
German and UK bonds slipped back, nudging interest rates higher. The US bond market stayed shut for Columbus Day.
That correlation would read +1.0 if gold and the Euro moved perfectly in lock-step, or minus 1.0 if they were perfectly opposed.
Gold Prices had diverged dramatically from the Euro during this spring's Greek deficit crisis, with the correlation sinking to –0.92 in May as both gold and the Dollar leapt vs. the single European currency.
Over the last 10 years, daily gold and Euro prices have displayed a strong, positive correlation of +0.50 vs. the Dollar.
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