New Delhi, June 5 -- In the backdrop of recent US trade policy and uncertainty in the financial markets, safe-haven gold has exhibited characteristics of a High-Quality Liquid Assets (HQLAs), according to a research from the World Gold Council (WGC).

High-Quality Liquid Assets (HQLA) are assets that are easily and quickly convertible into cash without significant loss of value, even during times of financial stress.

The WGC's study analysed gold's behaviour over the past six months, including periods of extreme bond market volatility in April, found that gold's volatility, bid-ask spreads, and trading volumes were comparable to, and in some cases, better than, those of intermediate and long-term US Treasuries.

For instance, in early Fe...