RWC's Fenton: Why we have 25% in gold and precious metals now

Commodities thrive where currencies dived

clock • 5 min read

Like many other assets, commodities have been on something of a journey this year, with parts of the complex seeing never before witnessed pricing.

While it seems like a different era, it was only back in April that we saw oil prices around the world turn negative as a glut of supply filled storage capacity near to its absolute limit. Gold too has been volatile throughout 2020, but has come into its own in the second half of the year. With central banks around the world now combining with governments to fight off the huge economic damage being wrought by Covid-19, currencies have weakened, with alternative stores of value - such as gold - benefiting. A rock for all seasons: Gold is more than just a doomsday asset The trend ...

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