Before revision:  We illustrate the performance of the method using bivariate fractional Brownian motions and multifractal binomial measures with analytical expressions and apply it to extract the intrinsic cross-correlation between crude oil and gold futures by considering the impact of the US dollar index  .
After revision:  We demonstrate the method by using bivariate fractional Brownian motions and multifractal binomial measures with analytical expressions and apply it to extract the intrinsic cross-correlation between crude oil and gold futures by considering the impact of the US dollar index .