Can we say the Gold price follows crypto?

[AMD]

I was wondering if it wrong to say that the price per ounce Gold follows the pricing of cryptocurrencies ?

What I mean is that if crypto rise Gold does if crypto falls Gold does - is that right of an observation?

 

[zerosugar]

I was wondering if it wrong to say that the price per ounce Gold follows the pricing of cryptocurrencies ?

What I mean is that if crypto rise Gold does if crypto falls Gold does - is that right of an observation?

You're an offshore agent and don't understand the basics of statistics?
No, your observation is wrong. No positive correlation.

 

[uplana]

You're an offshore agent and don't understand the basics of statistics?

user title is set by the forum system not by the user.

The Gold price goes up and down like crypto does there is indeed no correlation there.