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Gold dips on dollar advance, investors focus on Fed meet

Reuters2021-10-29

Gold dipped on Friday as the U.S. dollar ticked higher, and investors looked for further guidance from the Federal Reserve's upcoming policy meet on tapering of economic support as inflation ...

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  • KYHBKO
    ·2021-10-29
    gold is the traditional hedge against inflation. given the availability of crypto currencies, the demand may have dipped to some degree.with current interest rates at near zero, the movement of gold price may be ranging at the $1800+/- zone. let's monitor closely. 
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    • Tiger_story
      do you mean that gold price has inverse correlation with the crypto? i did not quite get it. can you explain more details?please
      2021-10-29
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    • KYHBKO
      what I meant was that some are  replacing gold with crypto as hedge. to me, gold has been proven but not crypto.
      2021-10-29
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  • Onlyme
    ·2021-10-29
    Buy btc instead
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  • cryptous
    ·2021-10-29
    K
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  • rhengheng
    ·2021-10-29
    Hmmmmm
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  • Hodl
    ·2021-10-29
    [Cool] 
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  • 12ee71b8
    ·2021-10-29
    Gold price quite stable, maybe a good thing to hold in view of likely inflation next year.
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    • AxlChoo
      nice
      2021-10-29
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    • janspants
      🧐🧐
      2021-10-29
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