Goldhub Research Investment Commentary Latest issue Investment Commentary Read the latest report You 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. 2 June, 2025 Weekly Markets Monitor: Relative market calm Last week, markets were dominated by a mix of tariff headlines and strong US tech earnings. Meanwhile, inflation cooled in the US and Europe but picked up in Japan. 2 June, 2025 Unearthed: EU Economic Outlooks & Potential Renaissance, ft. Reinhard Cluse, UBS In this episode of Unearthed, hosts John Reade and Joseph Cavatoni are joined by Reinhard Cluse, Chief European Economist at UBS, to explore the shifting dynamics of Europe's economy and the potential outlook for the months and years ahead. Reinhard discusses the structural challenges Europe has faced over the past decade and how these will influence the upcoming year. 29 May, 2025 Weekly Markets Monitor: Risks up again Trade tensions flared up again last week amid a mixed global economic backdrop, with activities in the US, China, and India showing signs of strength, while Europe and Japan lagged. China cut rates while the US House passed a bill to extend tax cuts and spend more. 27 May, 2025 You 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. 23 May, 2025 Weekly Markets Monitor: Risk premium down Last week, optimism from a US – China tariff truce and easing inflation was tempered by slower US spending, a sharp drop in China’s bank lending, and Japan’s economic slowdown, even as Europe posted strong growth. Moody’s became the last of the three ratings agency to downgrade the credit rating of the US late on Friday. While the technical fallout may be minimal, it could usher in a sentiment hit on Monday. 19 May, 2025 Why gold in 2025? A cross-asset perspective As we entered 2025, expectations for the US economy were at their highest compared to the previous two years and there was widespread belief that strong growth and significant asset-price increases would continue in 2025. Investors are now growing increasingly concerned over the growth and inflation outlook, both at the US and global levels, from the fallout of the ongoing trade war. 14 May, 2025 Why gold in 2025? Building Indian portfolio resilience The global economy and the financial system are experiencing a period of exceptional uncertainty, weighing on growth outlooks. In such a volatile, unpredictable and uncharted environment, gold’s relevance as a strategic portfolio asset has grown even stronger. Given the exceptional uncertainties facing the investment landscape in 2025, it may be prudent for vigilant investors to consider the potential benefits that gold can bring to portfolios. 14 May, 2025 Prev Page 14 of 69 Next Latest research Looking for insight and analysis on gold? Our team of experts produce market-leading research and macroeconomic commentary on gold.
You 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. 2 June, 2025
Weekly Markets Monitor: Relative market calm Last week, markets were dominated by a mix of tariff headlines and strong US tech earnings. Meanwhile, inflation cooled in the US and Europe but picked up in Japan. 2 June, 2025
Unearthed: EU Economic Outlooks & Potential Renaissance, ft. Reinhard Cluse, UBS In this episode of Unearthed, hosts John Reade and Joseph Cavatoni are joined by Reinhard Cluse, Chief European Economist at UBS, to explore the shifting dynamics of Europe's economy and the potential outlook for the months and years ahead. Reinhard discusses the structural challenges Europe has faced over the past decade and how these will influence the upcoming year. 29 May, 2025
Weekly Markets Monitor: Risks up again Trade tensions flared up again last week amid a mixed global economic backdrop, with activities in the US, China, and India showing signs of strength, while Europe and Japan lagged. China cut rates while the US House passed a bill to extend tax cuts and spend more. 27 May, 2025
You 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. 23 May, 2025
Weekly Markets Monitor: Risk premium down Last week, optimism from a US – China tariff truce and easing inflation was tempered by slower US spending, a sharp drop in China’s bank lending, and Japan’s economic slowdown, even as Europe posted strong growth. Moody’s became the last of the three ratings agency to downgrade the credit rating of the US late on Friday. While the technical fallout may be minimal, it could usher in a sentiment hit on Monday. 19 May, 2025
Why gold in 2025? A cross-asset perspective As we entered 2025, expectations for the US economy were at their highest compared to the previous two years and there was widespread belief that strong growth and significant asset-price increases would continue in 2025. Investors are now growing increasingly concerned over the growth and inflation outlook, both at the US and global levels, from the fallout of the ongoing trade war. 14 May, 2025
Why gold in 2025? Building Indian portfolio resilience The global economy and the financial system are experiencing a period of exceptional uncertainty, weighing on growth outlooks. In such a volatile, unpredictable and uncharted environment, gold’s relevance as a strategic portfolio asset has grown even stronger. Given the exceptional uncertainties facing the investment landscape in 2025, it may be prudent for vigilant investors to consider the potential benefits that gold can bring to portfolios. 14 May, 2025
You asked, we answered: Does gold qualify as an HQLA under Basel III?
Weekly Markets Monitor: Relative market calm
Unearthed: EU Economic Outlooks & Potential Renaissance, ft. Reinhard Cluse, UBS
In this episode of Unearthed, hosts John Reade and Joseph Cavatoni are joined by Reinhard Cluse, Chief European Economist at UBS, to explore the shifting dynamics of Europe's economy and the potential outlook for the months and years ahead. Reinhard discusses the structural challenges Europe has faced over the past decade and how these will influence the upcoming year.
Weekly Markets Monitor: Risks up again
Trade tensions flared up again last week amid a mixed global economic backdrop, with activities in the US, China, and India showing signs of strength, while Europe and Japan lagged. China cut rates while the US House passed a bill to extend tax cuts and spend more.
You 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: Risk premium down
Last week, optimism from a US – China tariff truce and easing inflation was tempered by slower US spending, a sharp drop in China’s bank lending, and Japan’s economic slowdown, even as Europe posted strong growth. Moody’s became the last of the three ratings agency to downgrade the credit rating of the US late on Friday. While the technical fallout may be minimal, it could usher in a sentiment hit on Monday.
Why gold in 2025? A cross-asset perspective
As we entered 2025, expectations for the US economy were at their highest compared to the previous two years and there was widespread belief that strong growth and significant asset-price increases would continue in 2025. Investors are now growing increasingly concerned over the growth and inflation outlook, both at the US and global levels, from the fallout of the ongoing trade war.
Why gold in 2025? Building Indian portfolio resilience
The global economy and the financial system are experiencing a period of exceptional uncertainty, weighing on growth outlooks. In such a volatile, unpredictable and uncharted environment, gold’s relevance as a strategic portfolio asset has grown even stronger. Given the exceptional uncertainties facing the investment landscape in 2025, it may be prudent for vigilant investors to consider the potential benefits that gold can bring to portfolios.