Gold Caps Its Best Year in a Decade With the Dollar on the Ropes
- Bullion finds support as greenback hits the lowest since 2018
- Investors weighing up haven’s appeal as vaccines rolled out
Photographer: Andrey Rudakov/Bloomberg
This article is for subscribers only.
Gold posted the biggest annual advance in a decade after a tumultuous year, with gains this month aided by the dollar’s decline to the lowest since April 2018.
Bullion hit a record in August as investors feared an unprecedented wave of stimulus by central banks and governments would lead to currency debasement and inflation. Holdings in bullion-backed exchange-traded funds set an all-time high in October.