Mike Oswin
Global Head, Market Structure and Innovation World Gold CouncilJuan Carlos Artigas
Global Head of Research World Gold CouncilYou asked, we answered: Does gold qualify as an HQLA under Basel III?
Gold is not currently classified as an HQLA under Basel III, but its performance during time of crisis rivals that of intermediate and long-term Treasuries. In this context, gold is an HQLA in all but name.
Jeremy De Pessemier
Asset Allocation Strategist World Gold CouncilYou asked, we answered: Gold's optimal portfolio weight in a higher correlated environment?
Investors need to be cautious of the risks of relying too heavily on historic correlations that are prone to change. When the bond-equity correlation flips from negative to positive, a larger allocation to gold is required to retain the initial level of portfolio risk.
Weekly Markets Monitor
Weekly Markets Monitor: Trade Progress?
Last week saw a raft of central bank announcements: the Fed kept rates unchanged, while China and the UK cut. Meanwhile, trade tensions eased as the US reached a deal with the UK and began talks with China. Key events to watch this week include changes in global trade uncertainties, US CPI prints and gold market positioning shifts.
Weekly Markets Monitor
Weekly Markets Monitor: Tariffs Spare no Land
Last week, the US rattled global markets with unexpectedly aggressive reciprocal tariffs, prompting swift retaliation from China and potential countermeasures from others. The aggressive moves raised fears of slower growth, higher inflation, and job losses, overshadowing otherwise positive economic data.
Weekly Markets Monitor
Weekly Markets Monitor: Gold claims US$3,000/oz
Gold finally closed above the US$3,000/oz threshold. It has so far rejected technical resistance at $3,040/3,050/oz and the market is seen as highly overstretched, with a possible (healthy) pause in the core uptrend on the cards.
Sarah Tomlinson
Director of Mine Supply Metals FocusEver upwards for AISC, but distinct regional variations are emerging
When considering the factors driving up gold miners’ All-in sustaining costs (AISC), Q3’24 was a busy period. AISC rose to US$1,456/oz (up 4% q/q and 9% y/y), the highest point in our data series back to Q1’10.
Ray Jia
Research Head, China World Gold CouncilMarissa Salim
Senior Research Lead, APAC World Gold CouncilGold to keep lifting Australian portfolios in 2025
Gold priced in Australian Dollars (AUD) ended 2024 with a stunning 38% surge and continues to power higher. Looking ahead, we believe the combination of robust investment demand together with risks on various fronts may provide further support for gold. Meanwhile, should the AUD remain under pressure, gold could shine brighter in Australian investor portfolios.
Taylor Burnette
Research Lead, Americas World Gold CouncilGold’s 2024 performance best in 14 years
Gold performed exceptionally well in 2024, outperforming all major asset classes. Gold rose 25.5%, which was likely driven by gold’s role as an effective hedge against heightened geopolitical uncertainty and market volatility.
