Trade in gold is widely authorised and regulated in many markets unlike cryptocurrencies such as Bitcoin.
BENGALURU: Gold fell yesterday as the US dollar regained some ground and uncertainty over Brexit eased, but the metal held close to a two-week high hit in the previous session as tepid US inflation data cemented expectations that the Federal Reserve would hold rates.
Spot gold was down 0.5% at US$1,302.90 per ounce, after touching its highest since March 1 at US$1,311.07 on Wednesday. US gold futures also dipped 0.5%, to US$1,302.40 an ounce.
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