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Market focus: Deciphering the gold puzzle

Most of the conventional theses developed over the last fifty years failed to provide a satisfying framework to explain the dynamics of gold prices. Gold looks increasingly like an asset that is exposed to a complex set of systematic and idiosyncratic risk drivers. It is important to acknowledge all these factors before rushing to conclusions.

Most of the conventional theses developed over the last fifty years failed to provide a satisfying framework to explain the dynamics of gold prices. Gold looks increasingly like an asset that is exposed to a complex set of systematic and idiosyncratic risk drivers. It is important to acknowledge all these factors before rushing to conclusions.


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