Gold and AUD/USD

Australia is the third biggest gold-digger… we mean, gold producer in the world, sailing out about $5 billion worth of the yellow treasure every year!

Gold has a positive correlation with AUD/USD.

When gold goes up, AUD/USD goes up. When gold goes down, AUD/USD goes down.

Historically, AUD/USD has had a whopping 80% correlation to the price of gold!