Trade in gold is widely authorised and regulated in many markets unlike cryptocurrencies such as Bitcoin.
LONDON: Normally, investors wanting to guess which way gold is headed look to the dollar.
When the greenback goes up, the precious metal almost always goes down. Few assets have a stronger inverse correlation to the Bloomberg Dollar Spot Index, with gold favored as a hedge against the world’s reserve currency.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
