The more you know how different instruments are connected, the better you can manage the risk of trading just one asset.

 1. When the price of gold goes down, it can make the USD and the Swiss franc (CHF) go down in value compared to each other

2. When the U.S. dollar goes up in value, gold usually goes down, and when the dollar goes down, gold usually goes up

3. When the value of gold goes up, the value of the Australian dollar compared to the US dollar also tends to go up.

4. When the price of gold goes up, the value of the Australian dollar compared to the US dollar usually goes up too.

5. When the price of gold goes down, the value of Australian dollars compared to US dollars also goes down.