Economy and Financial Markets
During the recent times, we have witnessed not only a great fluctuation in the stock market worldwide but a surge in gold price. From a physical point of view, gold is a tangible, hard, real asset that is mined like any other precious metal. However, it behaves like a monetary asset. That is, we often observe an inverse relationship between gold price and the U.S. dollar. In your own words, provide a report outlines the role of gold in the economy and financial markets.