Investors should still hold a modest amount of gold - BlackRock’s Koesterich

Kitco07-24 16:11

(Kitco News) - Gold's inability to hold gains above $4,100 an ounce continues to highlight near-term downside risks. However, an expert at the world’s largest asset manager continues to recommend ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2654036902?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-24 16:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2654036902","market":"hk","top_or_hot":-1,"title":"Investors should still hold a modest amount of gold - BlackRock’s Koesterich","media":"Kitco","content":"<div>\n<p>(Kitco News) - Gold's inability to hold gains above $4,100 an ounce continues to highlight near-term downside risks. However, an expert at the world’s largest asset manager continues to recommend ...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-07-24/investors-should-still-hold-modest-amount-gold-blackrocks-koesterich\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Investors should still hold a modest amount of gold - BlackRock’s Koesterich</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors should still hold a modest amount of gold - BlackRock’s Koesterich\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-24 16:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/news/article/2026-07-24/investors-should-still-hold-modest-amount-gold-blackrocks-koesterich><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Kitco News) - Gold's inability to hold gains above $4,100 an ounce continues to highlight near-term downside risks. However, an expert at the world’s largest asset manager continues to recommend ...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-07-24/investors-should-still-hold-modest-amount-gold-blackrocks-koesterich\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GDXJ","symbol_name":"小型黄金矿业ETF(Market Vectors)","start_time":0,"source_url":"https://www.kitco.com/news/article/2026-07-24/investors-should-still-hold-modest-amount-gold-blackrocks-koesterich","article_id":"2654036902","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/news/article/2026-07-24/investors-should-still-hold-modest-amount-gold-blackrocks-koesterich","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2654036902","pubTimestamp":1784880660,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"(Kitco News) - Gold's inability to hold gains above $4,100 an ounce continues to highlight near-term downside risks. However, an expert at the world’s largest asset manager continues to recommend inve","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDXJ":"小型黄金矿业ETF(Market Vectors)","PPI":"AXS Astoria Real Assets ETF","UGL":"2倍做多黄金ETF-ProShares","AAAU":"Goldman Sachs Physical Gold ETF","JNUG":"金矿指数二倍做多ETF","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","JDST":"金矿指数二倍做空ETF","GLD":"黄金ETF-SPDR","GLL":"2倍做空黄金ETF-ProShares","CEF":"Sprott Physical Gold & Silver Trust","GBUG":"Sprott Active Gold & Silver Miners ETF","ISBC":"投资者银行","IGLD":"FT Vest Gold Strategy Target Income ETF®","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","BLK":"贝莱德","DUST":"二倍做空黄金矿业指数ETF-Direxion","PHYS":"Sprott Physical Gold Trust","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","FDFF":"Fidelity Disruptive Finance ETF","DGZ":"做空黄金ETN(德银)","DZZ":"德银黄金两倍做空ETN","GLDM":"SPDR Gold MiniShares Trust","SGOL":"Abrdn Gold ETF Trust","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","PICK":"iShares MSCI Global Metals & Mining Producers ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","GOLY":"Strategy Shares Gold Enhanced Yield ETF","BGLD":"FT Vest Gold Strategy Quarterly Buffer ETF","IAU":"黄金信托ETF-iShares","YGLD":"Simplify Gold Strategy PLUS Income ETF","OUNZ":"VanEck Merk黄金股票基金","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","XME":"金属与采矿指数ETF-SPDR","DGP":"二倍做多黄金ETN(PowerShares)","USG":"USCF Gold Strategy Plus Income Fund","DBC":"商品指数ETF-PowerShares DB","BTGD":"STKD Bitcoin & Gold ETF","IAUI":"NEOS Gold High Income ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","GLDY":"Defiance Gold Enhanced Options Income ETF","GDX":"黄金矿业ETF-VanEck","BAR":"GraniteShares Gold Shares","IAUM":"ISHARES GOLD TRUST MICRO","KGLD":"Kurv Gold Enhanced Income ETF","SGDM":"Sprott Gold Miners ETF","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","RING":"iShares MSCI Global Gold Miners ETF","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","UYM":"基础材料指数ETF-ProShares两倍做多"},"translate_title":"投资者仍应持有适量黄金 - 贝莱德的 Koesterich","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BGLD":0.6,"DULL":1.5,"SHNY":1.5,"IAU":1.5,"GDX":1.5,"GDXU":1.5,"BTGD":1.5,"DGP":1.5,"GLTR":1.5,"GOLY":1.5,"SGDM":1.5,"BAR":1.5,"GDXD":1.5,"GLDM":1.5,"FGDL":1.5,"IAUM":1.5,"KGLD":0.6,"JDST":1.5,"JNUG":1.5,"IAUI":1.5,"USG":1.5,"FDFF":0.6,"GDXJ":1.5,"IGLD":0.6,"YGLD":0.6,"GOAU":1.5,"PHYS":1.5,"SGOL":1.5,"PICK":1.5,"GLDY":0.6,"GLL":1.5,"DZZ":1.5,"DBC":1.5,"PPI":1.5,"GLD":0.6,"OUNZ":1.5,"1OZmain":1.5,"BEGS":1.5,"XME":1.5,"RING":1.5,"UYM":1.5,"DGZ":0.6,"DUST":1.5,"UGL":1.5,"AAAU":1.5,"CEF":1.5,"GBUG":1.5,"BLK":1.5,"ISBC":1.5,"GDXY":1.5},"content_text":"(Kitco News) - Gold's inability to hold gains above $4,100 an ounce continues to highlight near-term downside risks. However, an expert at the world’s largest asset manager continues to recommend investors maintain some exposure to the precious metal.In his latest note on gold, Russ Koesterich, Portfolio Manager for BlackRock Global Allocation Strategy, said that although gold has fallen out of favor among investors who are now focused on strong earnings and cash flow, the long-term case for holding the precious metal remains intact.Koesterich noted that after a strong start to the year, gold prices have fallen about 25% from their all-time high in January and are down about 7% for the year. He explained that gold’s historic rally at the start of the year reshaped its role in investors' portfolios. Because of its strong momentum, gold became less of a safe-haven asset.“Rather than providing downside protection, gold added risk to a portfolio,” he said.However, he added that the eventual shift in momentum only partly explains the sharp, months-long correction.He pointed out that the primary driver behind gold’s decline has been renewed strength in the U.S. dollar.“Despite increasing chatter of a ‘debasement trade,’ the dollar has rallied sharply since the January lows, with the Dollar Index (DXY) up more than 6%. Concerns over a global energy shock, a resilient U.S. stock market and a dramatic reversal in expected Federal Reserve policy have all led to a stronger dollar,” he said. “As the dollar has risen, so have long-term interest rates, especially real or inflation-adjusted rates. Real 10-year yields, derived from the TIPS market, have gone from around 1.65% in early March to 2.20% today. This shift in the rate regime has been another obstacle for gold.”He added that another important headwind is the fact that gold “is not an AI stock.”“Even within the stock market, performance has increasingly been driven by an increasingly small set of AI companies experiencing outsized earnings growth. As an asset with no earnings, investors are treating gold the same way they’re treating slow-growth, stable companies, by basically ignoring it,” he said.Despite these headwinds, Koesterich said the precious metal still plays an important role in diversified portfolios.“The structural reasons to hold gold remain intact. Debt and deficits remain at historic levels, debasement remains a long-term risk and while gold did not work in March, geopolitics have not become any more stable. All of which still argues for maintaining a modest gold position in portfolios,” he said.Gold is looking to end the week with modest gains as it continues to consolidate near critical support levels. Spot gold last traded at $4,074.70 an ounce, up 1.45% from last Friday’s close.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2654036902","isCrawlerRequest":true}