Gold has traditionally been viewed as a safe-haven asset during periods of market uncertainty. While investors often use it as a hedge against inflation and geopolitical risks, a recent study suggests that gold can also play an important role in improving the risk-return profile of an investment portfolio when combined with equity and debt.
According to WhiteOak Capital's June 2026 edition of "Chemistry of Investing", adding gold to a portfolio alongside equity and debt has historically helped lower volatility while enhancing returns, highlighting the benefits of a diversified multi-asset allocation strategy.