Investors have embraced gold as a key portfolio hedging strategy this year, particularly as expectations for a faster recovery from Covid-19 are shifting towards expectations of a slower recovery, or even potential setbacks from additional waves of infections, the World Gold Council (WGC) says. However, regardless of the recovery type, the pandemic is said to also have a likely and lasting effect on asset allocation, which the council says, “will also continue to reinforce the role of gold as a strategic asset”.
