In recent times, digital gold and sovereign gold bonds have been the preferred modes of choice for many investors, as these options take away the hassle of purchasing and storing custody of gold. While the storage and accrual of gold’s value have been digitised, another asset that’s highly transferable and has shown better performance than gold is Bitcoin (BTC).
Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?
Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buying, expectations