Daily Investment Tips

The prices of Gold move in unison with Australian dollar. Trading in Gold is just like trading in Australian dollar in many ways. As the world’s third-largest producer of gold, the Australian dollar had an 84% positive correlation with the precious metal between 1999 and 2008. Generally speaking, this means that when gold prices rise, the Australian dollar appreciates as well.

The reason is simple, all that production of Gold means foreign currency money flowing in to buy Gold. As more US dollars and Euros flows in, the Australian Dollar will rise.

An investor can take advantage of this correlation between Australian Dollar and Gold To make money.

 

 

written by Constantine Njeru \\ tags: Australian Dollar, Australian Gold, Australian Money, Buy Gold, Currency Money, Foreign Currency, Gold Dollar, Gold Prices, Positive Correlation, Precious Metal, Trading Gold, Trading In Gold, Us Dollars

For all those commodity traders and investors who follow Gold you might be interested to read the latest Gold price forecast by Joe foster of Van Eck associates.

Joe Foster has crunched the numbers and looked into the future and has now forecast the price of an ounce of gold could rise to as high of $2000 – $3000 within the next few years : Going to 2015, 2020.

Foster track Record on trading Gold

Foster manages the Falcon Gold Equity fund for Falcon Private Bank in Switzerland, which has shown a return of 438% over the last 10 years.

Reasons Why Gold Will Continue rising : Foster Gold analysis

According to Foster the following factors will drive the price of gold higher and higher in the coming years:

1. World economy is getting worse

2. Statistics indicate gold mining production is not keeping pace with demand.

written by Constantine Njeru \\ tags: 10 Years, Commodity Traders, Equity Fund, Falcon Gold, Gold Analysis, Gold Equity, Gold Fund, Gold Mining, Gold Production, Investors, Joe Foster, Keeping Pace, Latest Gold Price, Ounce Of Gold, Price Of An Ounce Of Gold, Price Of Gold, Private Bank, Trading Gold, Van Eck Associates, World Economy