Hedge or Diversifier? The Modern Take on Gold

A theory has been that an allocation to gold may help mitigate volatility in times of crisis. In the first half of the year, Gold has helped hedge against the uncertainty during the pandemic and growing concerns about inflation [1]. In this insightful 1 hour webcast, State Street Global Advisors, the World Gold Council and ETF Trends will review the underlying fundamentals of Gold in 2020, and whether they may continue to support counter-correlated movements in the yellow metal.

June 16, 2020
11am PT | 2pm ET
1 CE Credit
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Tom Lydon, CEO of ETF Trends, will moderate a discussion on:

  • Provide a macro view of the markets in the first half of the year, including a review of the key variables that have influenced gold’s performance so far in 2020
  • A deeper look at how some of these factors may affect gold going forward
  • What the “next normal” might look like and what that could mean for gold
  • Considerations for financial advisors using gold in client portfolios

NOT accepted for one hour of CFP/CIMA CE credit for live attendees

CFA Institute members are encouraged to self-document their continuing professional development activities in their online CE tracker.


George Milling–Stanley

Chief Gold Strategist
State Street Global Advisors

Juan Carlos Artigas

Director, Investment Research
World Gold Council

Tom Lydon

ETF Trends

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Important Disclosures

[1] Source: Bloomberg Finance L.P. & State Street Global Advisors, date as of May 31, 2020; Notes: S&P 500 monthly correlation to Spot Price of Gold is -0.01 from 8/31/1971 to 5/31/2020 and Bloomberg Barclays U.S. Aggregate Bond Index monthly correlation to Spot Price of Gold is 0.07 from 1/30/1976 to 5/31/2020. Correlation measures the degree to which the deviations of one variable from its mean are related to those of a different variable from its respective mean.


Investing involves risk including the risk of loss of principal.

This webcast is provided for informational purposes only and should not be considered investment advice or an offer for a particular security or securities. The views and opinions expressed by the speaker are those of his or her own, and do not necessarily represent the views of State Street or its affiliates.

Commodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators or arbitrageurs in the underlying commodities.

The World Gold Council name and logo are a registered trademark and used with the permission of the World Gold Council pursuant to a license agreement. The World Gold Council is not responsible for the content of, and is not liable for the use of or reliance on, this material.

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3099542.1.1.AM.INST | 07/31/2020