贝莱德：低市场波动性预示黄金战术机遇，配置比例可升至4%

Group 1 - The core viewpoint is that even if gold prices exceed $3,600 per ounce, gold remains a valuable asset and a crucial diversification tool for investors [1] - The global allocation team at BlackRock, led by Russ Koesterich, maintains a bullish outlook on gold, now recommending it as a hedge against potential market volatility [1] - Koesterich suggests that investors should allocate 2% to 4% of their portfolios to gold, with a recommendation to increase this allocation to the upper end of the range in the short term due to expected market volatility [1] Group 2 - In a period of extreme volatility and economic uncertainty, the VIX index has recently dropped below 15, marking its lowest level since February [2] - A slight increase in stock market volatility could benefit gold, as historical data shows a consistent relationship between gold performance and changes in implied volatility [2] - Historical data indicates that a 20% spike in volatility typically corresponds with an average weekly excess return of 3% for gold, while a rare 50% or more surge in the VIX results in an average excess return exceeding 5% for gold [2]