.
Welcome!
This community is for professionals and enthusiasts of our products and services.
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.
This question has been flagged
2
Replies
183
Views
If gold goes up, the currency pair that tends to go up as well is often the Australian Dollar (AUD) when paired with currencies like the US Dollar (AUD/USD). This is because Australia is a major exporter of gold, and an increase in gold prices can lead to a stronger AUD. Similarly, other commodity currencies, such as the Canadian Dollar (CAD) and the New Zealand Dollar (NZD), can also show a positive correlation with gold prices due to their economies' reliance on commodity exports.
If gold prices rise, the AUD/USD currency pair often tends to go up as well, since Australia is a major gold producer and its economy is closely linked to gold prices.