Gold prices, the rising may affect the other currencies. High gold prices can be important for the currencies of gold-producing countries. Australia is the third largest exporter of gold in the world and Canada is the third largest gold producer in the world. So if you think that gold prices will continue to rise, you can set up your trades or Australian dollar Canadian dollar as the currency will become stronger.
Market gold is a neutral "- this means that gold is not related to a State, therefore, high prices affect the trading in several currencies. Can be as high gold prices, when changing political or economic circumstances in the United States. If I started the gold price to rise, you can expect it will continue to rise in the coming period of trading. and this expectation may decide traders sell U.S. dollars and buying euros as they believed that the value of the dollar will fall and the value of the euro will rise.
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