Can the Aussie Dollar Break Away from Gold?
First of all, it’s important to note that gold is one of Australia’s biggest exports. There are often huge correlations between the Aussie dollar (AUD) and gold. However, there are periods of disconnect there as well. Let’s take a look at the chart below that goes back about four years. Sometimes Commodities “Disconnect” from Their Currencies If gold and the Aussie dollar always correlate, then the AUD/USD and gold should always head in the SAME direction. They often do. However, there are
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