For centuries, gold has been a go-to asset among investors worried about all sorts of financial risks. In the past decade, exchange-traded funds backed by the metal drew more money than any other commodity. But when it comes to inflation, which can erode the value of portfolios that don’t keep pace with rising consumer prices, anyone who bought gold as a hedge over the past 25 years missed out on a much better deal—copper. The ringgit is easily the strongest major Asian currency this quarter, climbing twice as much as the next best, the Chinese yuan. MDOs need to invest in equipment and infrastructure during the development phase and incur recurring capex as well.

Source: Mint June 29, 2017 19:07 UTC