© Dukascopy Bank
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Gold's ties with silver and platinum remained stable over the week while yellow metal's connection with palladium has stayed relatively low at 0.53. Gold's correlation with palladium faced sharp fall since the beginning of the year as palladium tends to move closer to industrial metals and performance of automobile industry. Gold's interdependence with Bent oil stayed at about 0.59 over the week as Brent oil and gold faced stimulus from Iranian and Western economies tensions. Alternation between gold and the pair EUR/USD remains at 0.45 after hitting three-years high in the end of 2011.