Does anyone know which currencies are inversely related to Gold. I know the U.S. Dollar is but does anyone know which other ones are also inversely related.
Does anyone know which currencies are inversely related to Gold. I know the U.S. Dollar is but does anyone know which other ones are also inversely related. Thanks,
Ignored
Odd question. Of course all of them are inversely related to gold. Because gold can be bought for those currencies.
But if we consider complex correlation, then gold and fiducial currency can be considered as opposite investment assets. When some strong currency experiences significant drop (as consequence of unhealthy economy) or there are such expectations, people will try to shift their assets into gold what will unambiguously result in its rise. And vice versa. The stronger is currency the less decline is enough to increase demand in gold.