The correlation of assets can impact the overall return of a portfolio. Even as the dollar continues to be the most widely used currency, gold has not lost its luster. Investors continue to hold both these assets owing to their unique characteristics and, most importantly, their difference.
However, one thing that may be underappreciated by investors is how the strength or weakness of the US currency affects the price of gold. Simply put, when a commodity asset is priced in dollars, it can have broad-ranging impacts when it strengthens or weakens.
In this bite-sized quiz, you'll get a better understanding of the relationship between gold and the US dollar.