Gold more liquid, no credit risk amid pandemic: WGC

March 24, 2020 13:44

At a time when investors are spooked by the spread of Covid-19 and the markets remain volatile, the World Gold Council said gold can provide liquidity with no credit risk and improve overall portfolio performance. Gold is a clear complement to stocks, bonds and broad-based portfolios, as it is a hedge against systemic risk, currency depreciation and inflation, WGC said in a report, 'The relevance of gold as a strategic asset: Indian edition'. It has historically improved portfolios' risk-adjusted returns, delivered positive returns and provided liquidity to meet liabilities in times of market stress, it noted. -- PTI

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