Schroders' Keiko Kondo: Gold's Role in De-Dollarization Endures, But Short-Term Link to Tech Stocks Intensifies

Deep News07-16 14:10

On July 16th, the "2026 Sina Global Capital Summit," organized by Sina Finance, was held in Hong Kong, China. The event, themed "Rooted in Hong Kong, With a Global Vision," brought together leading figures from global politics, business, academia, and research for in-depth discussions on key topics such as global capital market trends, cross-border capital allocation, and the international expansion of technology companies.

Keiko Kondo of Schroders commented on the gold market. She noted that gold, as a key asset in the de-dollarization narrative, has repeatedly hit new highs from last year to the present. However, she observed that this year the correlation between gold and technology stocks has become "quite pronounced," which may diminish the effectiveness of portfolio diversification. From a long-term perspective, the fundamental story of gold serving as a tool for de-dollarization remains intact.

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