
‘Gold is a high-beta asset’ and its safe-haven status is now ‘compromised’ – Brookings’ Brooks
(Kitco News) – Gold used to be a good hedge against market pullbacks, but that's no longer the case, and the yellow metal now qualifies as a high-beta asset – one that actually magnifies rather than mitigates market selloffs, according to Robin Brooks, Senior Fellow at the Brookings Institution and former Chief Economist at IIF and Chief FX Strategist at Goldman Sachs.In a new analysis, Brooks said something bad is happening with gold.
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‘Gold is not a very good hedge against anything’ and should be viewed as ‘an investment asset’ – JP Morgan’s Hui(Kitco News) – Gold’s dramatic selloff during the Iran war has weakened its status as a defensive hedge in investor portfolios, and investors should instead treat gold as an investment asset, according to Tai Hui, chief market strategist, Asia Pacific at JP Morgan Asset Management.Hui said during a media briefing on Thursday that “gold did not work as a hedge against geopolitics.”










