Correlation between the Gold Price and AUD/USD and USD/CHF
http://www.financial-spread-betting.com/academy/gold-spread-betting.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE Which currencies are the most affected by gold price. Let’s examine how the gold price affects AUD/USD and USD/CHF currency pairs specifically the Australian Dollar and the Swiss Franc. This is historical correlation. Australia is the 3rd largest gold world producer; they mine and produce gold so Australia as a whole benefits from a high gold price. So Gold has a positive correlation with AUD/USD.
Switzerland has about 25% of its money backed by gold. It means that Gold has a negative correlation with USD/CHF. This correlation has been broken so things have changed but it still rings true.
Your Quick Guide to Trading Gold 💰