Analyst: Gold's appeal as a diversification tool is becoming more prominent

According to Odaily, Patrick Brenner, Cross-Asset Investment Manager at Schroders, pointed out in a research report that in the current environment of high uncertainty in the US economy and policy, gold is particularly attractive as a tool for diversifying portfolio risk. He noted that the US is facing "policy uncertainty, fiscal vulnerability, and growing investor doubts about the long-term role of US Treasuries and the US dollar." In this context, gold, due to its safe-haven properties and low correlation with traditional assets, has become the preferred diversified allocation asset for investors. (Golden Ten Data)