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Gold, known as the safe haven asset, historically becomes more valuable during times of geopolitical turmoil. Approximately 20% of the above ground stock of gold reserves is held by central banks and international monetary organizations. In addition, gold and the U.S. Dollar typically have an inverse relationship since international gold is dollar-denominated. Weakness in the dollar pushes up gold prices and vice versa, though that has not been the case in 2019 as we have seen the prices of gold and the U.S. dollar increase in tandem.