When us$ drops gold should go higher (there is negative correlation over time). But in shortterm (in my opninion) when real interest rates a higher than real inflation (current situation), gold drops too even if dollar declines. This is badly for gold in AUD$ what we've seen in laste couple of weeks.
As long us interest rates stay high. the us$ should increase compared to AUD.
Besides that AUD is also rising because of more demand in base metals I think?
For know I'm happy with the gold hedge. We know for sure that the debt will be paid off.
When us$ drops gold should go higher (there is negative...
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