Schroders and UBS Global Wealth Management are bullish on gold, calling it the first choice asset to resist fluctuation

On July 1st, Jinshi Data reported that Schroder Investment Management and UBS Global Wealth Management’s Chief Investment Officer stated that gold has become the preferred trade to hedge against fluctuations. Johanna Kyrklund, the Group Chief Investment Officer of Schroder, said, ‘I prefer gold over U.S. Treasury bonds.’ Gold prices have reached record highs this year, driven by expectations of rate cuts by the Federal Reserve, central bank purchases of gold, and the safe-haven demand amid geopolitical tensions. However, the timing of rate cuts is uncertain, leading to fluctuations in U.S. Treasury bonds, with a U.S. bond indicator falling after rising last year.