CORRELATION
Gold & the U.S. Dollar (USD):
These two usually move in opposite directions.
When the dollar gets stronger, gold tends to drop. When the dollar weakens, gold usually goes up. Why? Because gold is priced in dollars—so if the dollar is strong, gold becomes more expensive for other countries to buy.
Oil & the Canadian Dollar (CAD):
They often move together.
Canada exports a lot of oil, so when oil prices go up, the Canadian dollar usually gets a boost too. If oil drops, the CAD can take a hit.
Swiss Franc (CHF) & Gold:
These two often go hand-in-hand.
Both are seen as “safe haven” assets. When the world feels uncertain, investors tend to turn to gold and the Swiss franc to protect their money—so they often rise together.