Hang Seng and gold move in opposite directions for 4 straight sessions

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Source: Dukascopy Bank
© Dukascopy Bank
Hang Seng Index (HI) faced weakening link with gold (GOLDSH) commodity as both assets moved in the opposite directions in each of the last four trading sessions suggesting gold is more demanded when securities face uncertainty. The link between Stoxx Europe 600 Index (SXXP) and Hang Seng Index (HI) kept strengthening on Friday, approaching 0.25 though it still can be considered as week. Relationship was relatively steady between Hong Kong's benchmark and EUR/USD currency pair. 

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