Bloomberg Surveillance · Wednesday, September 2, 2026
In response to long-term treasuries potentially ceasing to be a reliable haven asset, Citi Wealth has added gold to its portfolio over the last year. They are exploring alternative uncorrelated assets to balance equity risk, noting that gold is now being considered by central banks and sovereign wealth funds.
“I added gold to the portfolio last year, a pretty considerable portion for most of the risk profiles. This was hard because, to be fair, I have not been a gold bug my whole life. In fact, many times I've argued against gold. But I was looking for an asset that I thought could outperform long duration and could be a And would provide something that I thought was less correlated to the equity risk I wanted to continue to hold and run with.”
“Number one, we are seeing more, you know, reserve diversification. That's a really important part. Central banks, sovereign wealth funds, pension funds, institutional allocators are now looking at it as an asset.”