denominate

“As such, we expect the price of the yellow metal denominated in all fiat currencies to continue rising after working itself through the recent froth.”

Investors haven’t lost their appetite for risk in that new world—the AI-crazed stock market is at records—but instead are hedging their bets with investments not denominated in weakening dollars.

That is pushing them into assets not denominated in dollars.

The sharp fall in the value of the naira has significantly affected Mr Dangote, whose wealth is largely tied to assets denominated in the local currency.

The second time, in 2020, Trump’s nomination was automatic, the traditional act of a party denominating an incumbent president.