Does anyone know what currencies have a reverse correlation with gold?I know that the US dollar has it, but I would like to know if there are other coins with a reverse correlation with gold.
 |
|
Does anyone know what currencies have a reverse correlation with gold?I know that the US dollar has it, but I would like to know if there are other coins with a reverse correlation with gold.
Don't you know that almost all currencies have some kind of relationship with gold?Correlation is not a mystery, it is a matter of looking at the graphics and studying.
All currencies are inversely related to gold, since it is bought with currencies.However, if we analyze more thoroughly, gold and strong currencies often act as opposite assets.When a strong currency devalates, many people tend to take refuge in gold, which increases their price.
Correct.In addition, I would recommend that you review the AUD.Australia is one of the largest gold producers, so its currency has a strong correlation with the price of metal.
In addition to the US dollar, the Japanese yen (JPY) often shows a reverse correlation with gold. Both currencies tend to rise when market risk increases, as investors seek safe-haven assets. The Swiss franc (CHF) also displays similar behavior, acting as a safe-haven currency like the USD and JPY.
Posting Permissions
Reply With Quote