as the world braces for an economic slowdown in the us mathan somasundaram ceo of deep data analytics says he expects one global sector to get a boost i think the slowdown is coming and the us dollar will be under pressure and when that starts to play out then gold outperforms somasundaram told cnbcs squawk box asia on thursday the safehaven dollar typically strengthens into recessions but some analysts are of the view that if the us tips into a downturn and the us federal reserve needs to be more aggressive with rate hikes the greenback could be undermined and given the us dollar and golds inverse relationship somasundaram said hes pretty confident that gold miners will be doing okay looking ahead he likes those based in australia in particular aussie gold miners are churning out good cash he said theyre relatively well capitalized theyre sitting on good cash balance sheets his top picks include australian gold miners northern star resources  silver lake resources and gold road resources  dollar vs gold if the greenback weakens against other currencies the precious metal becomes cheaper in those currencies in turn spurring demand for gold causing prices to go up the dollar has surged so far this year and gold prices have fallen as a result gold which has been declining since the federal reserve began raising interest rates in march hit a ninemonth low on july 6 on the same day the dollar hit a neartwodecade high however as gold is also considered a safe haven many analysts are expecting prices to rise if the us economy stumbles goldman sach has a 12 month gold price target of 2500 per ounce it was trading around 1745 per ounce on thursday meanwhile will rhind ceo of graniteshares told cnbcs  etf edge  said earlier this month that gold is well positioned if interest rates destabilize and theres some dollar weakness