Why Do People Still Invest In Gold?Gold In Dubai

Why Do People Still Invest in Gold?
Gold in Dubai

The gold price is inversely related to the US dollar. When the US dollar is strong, the price of gold is low and easy to control. It goes without saying; a weak US dollar makes the gold price higher. People prefer to invest in gold when the economy is not doing well. Though gold is not always at the forefront of daily transactions, it is still crucial to the global economy. It has been used for thousands of years to preserve wealth. But it cannot replace paper-denominated currencies.