Gold regains its lustre; rises to 4-month high on US$ slide

Safe haven: Gold has been a very good portfolio hedge against equity bear markets and periods of high inflation, according to Schroders.

PETALING JAYA: Gold appears to have regained its lustre in recent weeks, as the US dollar continues to weaken.

The precious metal has risen to its four-month high, while the US dollar index, which measures the greenback against a basket of peers, has fallen to its three-year low.