Fri, 13 Jan 2012 16:46:38 GMT
Gold dependence with precious metals stays high
Relations between gold and silver have remained stable for more than one week while gold's correlation with platinum has been falling since the beginning of the week with correlation coefficient declining from 0.91 to 0.77. Gold's tie with palladium tumbled from 0.63 to 0.54 from the beginning of 2012. Meanwhile, gold's correlation with Dow Jones Industrial Average Index decreased to