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As of today, Australia is still the third-largest gold producer in the world. The value of gold exported by Australia was once recorded at more than 5 billion dollars. The correlation between the two is allegedly as high as 80 percent, much more significant than the correlation between iron ore prices with AUD/USD. So, it's normal that when gold prices go up, AUD/USD goes up too.

Continue Reading at How Commodity Prices Affect the Australian Dollar

• Gold is probably the oldest asset that consistently attracted investors until now.
• It is a scarce asset with a finite supply, making it regarded as a highly precious commodity and store of value.
• Gold is seen as a "real" asset that physically exists and is tangible, unlike electronic money.
• It is virtually indestructible not like paper money.
• Gold is also considered capable of hedging risks against inflation.
• When a central bank prints more money to stimulate the economy, investors fear inflation will happen and begin to flock to gold.
• Gold has been proven to be able to hold on to its value over the long term.

Continue Reading at Gold Vs US Dollar: Which is the Better Safe Haven?

There's no clear correlation between gold and the interest rate. Recurring history stated that those aspects only move contrary to each other occasionally; both move toward the same direction more often than not.

Continue Reading at 7 Gold Price Drivers You Should Know

During the COVID-19 pandemic, the legendary investor Warren Buffett had decided to acquire a $564 million stake of the second-largest gold-mining company in the world, Barrick Gold Corporation. Keep in mind that this is the same Buffett who expressed that gold "gets dug out of the ground" and "has no utility" back in 1998.

Continue Reading at Gold Vs US Dollar: Which is the Better Safe Haven?