Tag Archives: S&P GSCI® Gold

Sep 1, 2020

Gold and U.S. Treasuries Helped the S&P MARC 5% Index Performance YTD

Despite substantial market volatility and significant drawdowns in the first quarter of 2020, the S&P MARC 5% Index ended the quarter in positive territory (see The Importance of Asset Class Diversification: A Performance Analysis of the S&P MARC 5% Index). With markets staging impressive rebounds, we take a renewed look at the performance of the…

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Aug 11, 2020

Gold Breaks Out to a New All-Time High as the U.S. Dollar Drops

Despite the drop in volatility in many asset classes over the summer, some broke through key support and resistance levels. The S&P GSCI Gold (TR) was one of them, reaching a new all-time high of USD 1,056.83 on Aug. 6, 2020, eclipsing the previous high from the summer of 2011. The underlying gold futures had…

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Jul 20, 2020

The Less Precious Metal

Silver has soared since mid-March 2020, fueled by renewed industrial demand and investor appetite for alternatives to gold and government bonds. From its low in mid-March, the S&P GSCI Silver was up 65% as of July 17, 2020. The less precious metal, silver, has lagged gold’s recent multi-year increase. The more volatile precious metal has…

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Jun 8, 2020

Gold’s Time to Shine

The first half of 2020 has been gold’s time to shine. The double-digit YTD gains outpaced equities and other safe-haven assets during these uncertain recessionary times. As of May 29, 2020, the S&P GSCI Gold was up 13.94% YTD. Unprecedented global fiscal and monetary stimulus measures have significantly increased sovereign debt levels, leading to concerns…

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Apr 13, 2020

Golden Eye of the Storm

Much has been made of the relative performance of gold since the start of the global COVID-19 pandemic. The S&P GSCI Gold gained 10.2% YTD through April 7, 2020, highlighting its safe-haven status; however, it is worth reviewing this performance and considering what demand drivers may influence gold prices over the coming months. The generally…

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Mar 26, 2020

Rapid Reset

Over the past decade, we witnessed the longest economic expansion in history. During that time, risk appetite spiked, elevated largely by deflated interest rates around the globe in the wake of the Global Financial Crisis, as accommodative monetary policy lifted many investors up the risk curve. As in previous crisis periods, elevated risk asset valuations…

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Mar 2, 2020

Coronavirus Hits Commodities Markets in February

The S&P GSCI, a widely recognized measure of broad commodities market beta, fell 8.4% in February. The global spread of coronavirus represents a simultaneous demand and supply shock, a situation that is close to unprecedented in global commodities markets. Across these markets, losses in February were driven by the petroleum complex and livestock, while even…

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Nov 20, 2019

A Noble Metal Idea

S&P Dow Jones Indices, the world’s leading index provider, launched the S&P GSCI Gold Dynamic Roll 70/30 Futures/Equity Blend in November 2019. It is the first single-commodity-focused futures/equities blended index of its kind in the gold market. In the current environment where investors are looking to diversify, this product is designed to provide a reliable…

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Oct 18, 2019

Diwali, the Festival of Lights, Illuminates the Glistening Qualities of Gold

In India, the festival of lights known as Diwali brings with it a seasonal uptick in gold imports. A feature of this renowned festival involves the exchange of gifts among friends, families, and colleagues. The most popular gift to give during the festival is gold. The propitious sentiment toward the precious metal makes it a…

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Jul 10, 2019

Palladium – All That Glitters Is Not Gold

Much has been made during recent months of the renewed interest investors have shown in gold on the back of growing financial market turbulence, a plethora of geopolitical flashpoints, and a string of economic releases that have fallen short of expectations. But gold has not been the shiniest precious metal this year; back in January,…

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