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Gold and AUD/USD

Gold and AUD/USD

GOLD FUTURES COMEX:GC1!

Australia is the third biggest gold-digger… we mean, gold0.00%% producer in the world, sailing out about $5 billion worth of the yellow treasure every year!

Gold0.00%% has a positive correlation with AUD/USD0.00%% .

When gold0.00%% goes up, AUD/USD0.00%% goes up. When gold0.00%% goes down, AUD/USD0.00%% goes down.

Historically, AUD/USD0.00%% has had a whopping 80% correlation to the price of gold!