Gold prices have reached record highs in recent days amid the US market turmoil. The rally gained further momentum after US President Donald Trump's plans to oust Federal Reserve Chair Jerome Powell fueled concerns over the central bank's independence, driving investors to gold and out of the dollar.
Gold is a time-tested tangible asset that shares a negative correlation with stock market movements and grows investor wealth through value appreciation, given its universal demand, exchangeability, and portability. Investors have several ways to gain exposure to gold: buying physical assets, investing in exchange-traded funds that track the price of the asset, or investing in gold mining companies.
