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]

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

 

[uplana]

smi(&% 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.