Holding gold in a balanced portfolio can provide useful diversification benefits, and historically has maintained a low correlation with most major asset classes.
Gold is often more sought-after when conditions are increasingly uncertain, or more volatile elsewhere. Unprecedented events, like the COVID-19 pandemic, can drive investors to search for relative “safe havens” such as gold.
Gold could be useful as an inflation hedge when inflation comes as a “shock” due to external factors, when prices escalate faster than expected or when central bank measures are ineffective.
Gold gained 19% in Q1 2025 for its best quarterly performance since Q3 1986. The yellow metal ended the quarter at an all-time high closing price of US$3,124. Gold was the best-performing major asset class as equities retreated in the second half of the quarter while fixed income assets adjusted to uncertainties around the path of interest rates and inflation.
Discover insights into the key macro events and what we think you should be keeping your eyes on in the near term.
Investing in gold
Today, gold plays an important part in some investors’ portfolios, for a variety of reasons. From central banks wanting to diversify their reserves to individuals wanting physical assets that may retain value over time. Find out more.
Our commitment towards responsible gold
As a responsible asset manager, 100% of the gold bars held in the Invesco Physical Gold ETC adhere to the LBMA's Responsible Gold Guidance.
Exchange-Traded Commodities or “ETCs”, are investment vehicles that trade on stock exchanges and track the performance of an individual commodity or basket of commodities. With ETCs, investors can get exposure to spot commodity prices, without taking physical delivery of those commodities.
The LBMA is a trade association that acts as the coordinator for activities conducted on behalf of its members and other participants in the London Bullion Market.
The gold price is determined via an electronic auction that takes place twice per day in London, at 10:30 am and 3:00 pm GMT, and quoted in US dollars per fine troy ounce. The LBMA Gold Price is a fully transparent benchmark and widely accepted as the basis for pricing spot transactions.
