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Safe Haven Currency

Project Description

In worldwide countries, the gold price is dollar-denominated, therefore, the fluctuations of dollar rate has a great impact on gold price. According to historical statistics in recent years, the price of gold and the U.S. dollar exchange rate are with about 80% negative correlation. Generally, the dollar fell, gold rose; the dollar rose, gold fell.

Whenever there is uncertainty in the international currency market, investors move funds from USD to Gold or currency like CHF, considered as safe haven currency.