As Good as Gold?
Also Interesting
The fourth quarter of 2018 proved a torrid time for global markets. Softening data and earnings guidance suggested a global slowdown. Combined with tightening global monetary conditions, US-China trade tensions and European political uncertainty, a backdrop emerged that weighed negatively on investor sentiment. As one would expect, this resulted in steep falls across most risk markets. Amongst the small subset of asset classes that performed well during this period was the traditional safe-haven: gold. A rally of 7.5% in this often-maligned commodity once again demonstrated its diversifying qualities which we believe justifies a holding in portfolios
