GOLD REMAINS A STORE OF VALUE IN SEVERAL MAJOR CURRENCIES

 

Figure 3: Gold: USD, Brazilian real (BRL), Indian rupee (INR) & Russian ruble (RUB) perspectives

Source: Bloomberg Professional, GOLDS, BRL, INR and RUBLE

Chart above & Quote below from CME Group comment on oil and gold

“.. gold has fallen in recent years from a USD perspective, but has held steady or risen from the perspective of investors in many developing economies of the world, maintaining its role as a store of value (Figure 3). Indeed, declines in many emerging market currencies versus the US dollar may have also led to demand for gold from this sector.”