JPMAM’s Tai Hui: Gold is not a good hedge against anything
JP Morgan Asset Management’s Apac chief market strategist says investors should view gold as an investment asset, rather than a hedge.
JP Morgan Asset Management’s Apac chief market strategist says investors should view gold as an investment asset, rather than a hedge.
The sell-off in gold during the Iran war has further weakened the case ...
The narrative presents a tension between short-term market behavior and long-term structural demand. The argument pivots on the distinction between gold's role as a risk management tool (hedging market corrections) and its function as a store of value or an inflation/debt hedge (investment asset). The critique that gold is not a reliable hedge relies on analyzing volatility and correlation, effectively dismissing its utility in immediate risk management, which is a form of "market noise." Howeve...
