Is gold an effective hedge during the coronavirus downturn?

Gold has been bouncing around, strugglingto stay above $1,700 an ounce, and some may question whether it’s an effective hedge during this time of coronavirus-driven uncertainty. The World Gold Councillooked at gold as a hedge and compared it to other common portfolio hedges during the current downturn.Gold is the most optimal hedgeSome tail risk hedge funds posted quadruple-digit returns during the March downturn, but many tail risk strategies are technically complex and can be expensive to hold for a long period of time. Historically, gold hasn’t been a very strong hedge during tail risk even…

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