October proves to be rare good month for both gold and dollar

Trade in gold is widely authorised and regulated in many markets unlike cryptocurrencies such as Bitcoin.

LONDON: Normally, investors wanting to guess which way gold is headed look to the dollar.

When the greenback goes up, the precious metal almost always goes down. Few assets have a stronger inverse correlation to the Bloomberg Dollar Spot Index, with gold favored as a hedge against the world’s reserve currency.