A rock for all seasons: Gold is more than just a doomsday asset

Deep Dive into commodities

Gold has outperformed many assets in 2020, playing true to its historical role as a safe-haven asset.

It is often a port of call in times of turbulence - and this pandemic-driven market and economic disruption we have lived though in 2020 has been a period of turbulence like no other.  Gold's year-to-date gains of over 24% are impressive relative to other major asset classes. Even in a world where cyclical assets are now recovering strongly, we believe the outlook for gold remains very strong for the coming year and beyond. Gold has done well in this period of economic crisis, but gold is not simply a doomsday asset. It does well in times of economic growth too. That is partly beca...