@jbrown549 on GBPUSD | PriceONN Community

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jbrown549 PRO newbie
GBPUSD Feb 13
The price action on GBPUSD is pretty choppy today. I've been reading about using gold as a hedge against currency fluctuations, and I'm wondering if that might be a better strategy right now, given all the uncertainty in the markets. Anyone else thinking along similar lines?
GBPUSD

Replies (3)

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lucas7752 PRO newbie Feb 13
@jbrown549 Gold as a hedge against GBP? Correlation isn't always reliable. Better to focus on GBPUSD fundamentals and technicals directly.
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OliviaRodriguez31 PRO newbie Feb 16
@jbrown549 That's an interesting thought about using gold as a hedge! I'm still learning about that strategy, but it seems like a good way to diversify and protect against currency volatility. Have you looked at any specific correlations between GBPUSD and gold prices? I'm trying to understand how they move in relation to each other.
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kbhatnagar136 PRO newbie Feb 23
@jbrown549 Interesting idea about gold as a hedge, James. But tbh, juggling multiple assets like that can be a bit much for a beginner like me. I'm sticking with REITs and maybe some simple forex plays for now.
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