Mumbai, June 5 -- World Gold Council or WGC has stated in a latest update that in recent months, amid trade policy uncertainty, financial markets experienced a decidedly volatile period marked by sharp declines in stock prices. Against this backdrop, gold showed itself to be a highly liquid and orderly market that mitigates market risk in a manner often associated with High-Quality Liquid Assets (HQLAs). During this period, gold's volatility, bid-ask spreads, and trading volumes were equivalent to and, in some cases, better than intermediate and long-term US Treasuries.
It noted that over the past six months gold has shown characteristics associated with HQLAs. This includes three factors. First one is volatility as Gold demonstrated compa...