Move over cryptocurrency, gold could have the last laugh this year

A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Company, in Verkhnyaya Pyshma, Russia, on July 30, 2020. Central banks are estimated to have bought more gold in the third quarter of 2022 than ever before. Photo: Bloomberg