gold vs dollar: what is the price relationship?

May I ask the relationship between the price of gold and the us dollar exchange rate. If the dollar rate is high will the price of gold fall?

A
@aisley - 4 months ago

Gold & the us dollar prices move in opposite directions. When the price of one is high, the other will be low. The reason is that gold is priced in the us dollar so when the dollar is high, other currencies become weak relative to the dollar. When other currencies are weak, it costs more to buy an ounce of gold & so the demand for gold drops thus causing gold prices to drop due to low demand.

M
@maasai_princess - 4 months ago

Gold is a dumb metal meaning it doesn't pay interest so if the us dollar is strong people will rather invest in the dollar so they can earn interest, and this causes gold prices to fall when people move their investments from gold to the us dollar.