Prices of gold, which is known to act as a hedge against inflation, generally go up in times of uncertainty like what we are seeing at present.
With the Covid-19 pandemic battering world markets, equity investors are suffering. The spike in bond yields has resulted in losses to investors of debt instruments such as debt mutual funds.
However, one asset class that has delivered positive returns so far is gold, and allocation to the yellow metal may have restricted your overall portfolio losses.
Prices of gold, which is known to act as a hedge against inflation, generally go up in times of uncertainty like what we are seeing at present.