oussama94
05-28-2017, 00:45
Trading the Australian dollar (AUD) is very similar
to trading gold. As the world's third-largest
producer of the precious metal, the Australian
dollar and the precious metal are highly
correlated – for example, their monthly
correlation between 2000 and 2012 was 89%.
During times of market uncertainty such as
economic or political troubles, gold, represented
by the symbol XAU, serves as a safe haven
and a hedge against inflation. As commodities
such as gold act as a store of value that is likely
to trading gold. As the world's third-largest
producer of the precious metal, the Australian
dollar and the precious metal are highly
correlated – for example, their monthly
correlation between 2000 and 2012 was 89%.
During times of market uncertainty such as
economic or political troubles, gold, represented
by the symbol XAU, serves as a safe haven
and a hedge against inflation. As commodities
such as gold act as a store of value that is likely