Peg Fixed value of a currency based on its relation to another currency or the value of an underlying commodity, such as gold.

钉住一种货币的固定价值基于另一种货币或相关商品(比如黄金)。

youdao

PegFixed value of a currency based on its relation to another currency or the value of an underlying commodity, such as gold.

钉住一种货币的固定价值基于另一种货币或相关商品(比如黄金)。

youdao

Derivative instruments: a contract whose value changes as prices move in a related or underlying commodity or financial instrument.

衍生金融工具：一种合同，其价值随着有关或特定商品或金融工具的价格变动而变化。

youdao

However, the more typical and efficient way is to buy commodity ETFs that track the underlying commodity.

FORBES: Does Gold Belong in My Portfolio?

The ETF will be losing value every month because of contango, not because of the performance of the underlying commodity.

FORBES: Are Your Commodity ETFs On The Right Track?

This boost in gold stocks helps to close the gap between gold companies and their underlying commodity, as I discussed last week.

FORBES: Gold Miners Rally Higher, Now The Metal's Turn?