Thomas Mathews, a strategist at Capital Economics, stated in a report that gold still holds value as a hedge against a sharp stock market decline. Recently, gold's performance has resembled that of a "risk" asset rather than a "safe" asset, as its recent price volatility is comparable to that of the benchmark S&P 500 Index. Gold's poor performance during Middle East conflicts also appears to undermine its so-called status as an inflation hedge. However, gold’s connection to real bond yields sti

Thomas Mathews, a strategist at Capital Economics, stated in a report that gold still holds value as a hedge against a sharp stock market decline. Recently, gold's performance has resembled that of a "risk" asset rather than a "safe" asset, as its recent price volatility is comparable to that of the benchmark S&P 500 Index. Gold's poor performance during Middle East conflicts also appears to undermine its so-called status as an inflation hedge. However, gold’s connection to real bond yields sti

智通财经2026/07/21 01:51

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Thomas Mathews, a strategist at Capital Economics, stated in a report that gold still holds value as a hedge against a sharp stock market decline. Recently, gold's performance has resembled that of a

Capital Economics strategist Thomas Mathews stated in a report that gold still holds value as a tool for hedging against sharp equity market declines. Recently, gold has behaved more like a "risk" asset than a "safe haven" asset, as its recent price volatility has been comparable to the benchmark S&P 500 Index. Gold's weak performance amid the Middle East conflicts also seems to undermine its so-called status as an inflation hedge. However, gold’s correlation with real bond yields appears to remain intact, and any decline in real yields is expected to boost gold. If the US economy is hit and prompts the Federal Reserve to sharply cut policy rates, the recent positive correlation between gold and stocks will not persist.

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Indonesia’s Ministry of Energy has announced that the benchmark price for coal with a calorific value of 4100 kilocalories has been set at $65.81 per ton for the second half of August. This pricing will serve as an important reference for trading activities involving coal of related calorific values during this period, helping market participants clarify the price benchmark and ensure smooth progress in related trade operations.

智通财经•2026/08/15 14:11