From Jack Crooks, Editor of World Currency Options:

What's Happening:

A little food for thought today: If you look at the Australian dollar and gold on a chart, this pair usually moves together. (That's because Australia is one of the world's leading gold exporters.)

But overnight, more good news from the Australian economy has boosted the Aussie dollar.

What We Say:

Will gold follow? Or is the Aussie dollar overdone? Take a look at the chart below and see for yourself.

Where Are Both Headed?

For now, we're left to ponder whether this relationship will hold, but in the meantime, keep an eye on both the Aussie and gold to see how this pair fares.