NEW YORK ( TheStreet) -- As the Federal Reserve meeting approaches this Wednesday, low volumes and declining interest rates are leading to surprising correlations among financial markets.For investors looking to see the negative effects in assets tied to tighter monetary policy, they can continue looking. Equities are at record highs and investors continue to buy treasuries and sell U.S. dollars. Although it can be said that much of the cut for future bond purchases is already priced in, only commodities look to be acting as if the future holds higher rate. GLD). The decline in gold prices is partially due to the easing of Western tension over the Syrian conflict. Gold spiked higher as investors feared potential military intervention in the Middle East in late August, which would have led to volatile market trading. What can be seen now is that rates are declining, gold is falling and the dollar is reaching yearly lows. The low volumes leading up to Fed events generally cause correlations to loosen as investors sell particular assets in aggregate and buy up others. Currently equities and bonds are showing strength, as the fear that once existed over stimulus cuts has diminished considerably. Regardless of the fundamental reasons surrounding gold's fall, the fact is that gold has broken a strong upward channel support and has room to fall further. If rates do begin to rise and the dollar catches a bid, expect gold to push toward its July lows.