Research

Gold—Not Just a commodity

Gold is often part of the broad commodity complex: as a component of a commodity index, a holding in an ETF, or a future trading on a commodity exchange. While gold shares some similarities with commodities

Gold benefits from diverse sources of demand: as an investment, a reserve asset, jewelry, and a technology component. It is highly liquid, no one’s liability, carries no credit risk, and is scarce, historically preserving its value over time.