Ingots we trust?

Investors are being encouraged to commit more to the commodities market, but the volatility of the gold price and the dollar has created major challenges – and opportunities – for those investing and trading, writes Laurence Neville

In the years since the equity market crash in March 2000, gold has regained its lustre. A steadily rising price since 1999 has coaxed non-traditional investors into the market, as the traditional inverse relationship between the dollar and gold has once again been proven. But has gold reached its peak? And how have investors profited from it?

The current gold rally – which has yet to be decisively checked – began in September 1999. It was not an immediate function of gold’s relationship with the