*Assets may be considered “safe havens” based on investor perception that an asset’s value will hold steady or climb even as the value of other investments drops during times of economic stress. Perceived safe-haven assets are not guaranteed to maintain value at any time.
1 Bloomberg Finance, L.P. and State Street Global Advisors, data as of November 20, 2024. Note: Gold is being represented by LBMA Gold Price PM (US$/oz.). Past performance is not a reliable indicator of future performance.2 Bloomberg Finance, L.P. and State Street Global Advisors, data as of November 20, 2024. Note: Gold is being represented by LBMA Gold Price PM (US$/oz.). Past performance is not a reliable indicator of future performance.3 “Gold Demand Trends – Third Quarter 2024,” World Gold Council, October 30, 2024.4 Bloomberg Finance, L.P. and State Street Global Advisors, data from January 1, 1973 to November 20, 2024. Note: Gold is being represented by LBMA Gold Price PM (US$/oz.) and US Dollar is represented by US Dollar Spot Price. Past performance is not a reliable indicator of future performance.5 Bloomberg Finance, L.P. & State Street Global Advisors, data from December 31, 1999 to December 4, 2024. Note: Gold is represented by LBMA Gold Price PM US$/oz. Past performance is not a reliable indicator of future performance.6 “Gold Demand Trends – Third Quarter 2024,” World Gold Council, October 30, 2024.7 Bloomberg Finance, L.P. and State Street Global Advisors, data as of December 10, 2024. Note: Gold is represented by LBMA Gold Price PM (US$/oz.). Past performance is not a reliable indicator of future performance. 8 “Gold Demand Trends – Third Quarter 2024,” World Gold Council, October 30, 2024.9 Bloomberg Finance, L.P. and State Street Global Advisors, as of November 30, 2024.10 Bloomberg Finance, L.P. and State Street Global Advisors, as of November 30, 2024.11 “Asia Pacific’s Structural Transformation: The Past and Prospects,” International Monetary Fund, November 15, 2024.12 Morningstar, as of 10/31/2024. Calculations by SPDR Gold Research. Based on 342 funds under Global Broad Category of “Commodities” including open-ended and exchange-traded funds with Oldest Share Class = “Yes”, region defined based on domicile and containing “Gold” in the name of the fund.13 Kavita Chacko, “Indian gold import duties reduced to the lowest level in over a decade,” World Gold Council, July 26, 2024.14 Bloomberg Finance, L.P., Federal Reserve Bank of St. Louis., as of November 19, 2024. Calculations based on the “Federal Surplus or Deficit [-], Millions of Dollars, Annual, Not Seasonally Adjusted Index” by the Federal Reserve Bank of St. Louis. Also known as “FYFSD”. Comparing FYFSD with XAU to find correlation number from 9/30/1993-9/30/2001.15 Bloomberg Finance, L.P., State Street Global Advisors, as of November 19, 2024. Note: Gold here is represented by the Spot Price of Gold. In US dollar terms, spot gold is referred to with the symbol “XAU,” which refers to the price of one troy ounce of gold in USD terms. Period of performance measured: 1/22/2001-1/20/2009.16 Bloomberg Finance, L.P., Federal Reserve Bank of St. Louis, as of November 19, 2024. Calculations based on the “Gross Federal Debt as Percent of Gross Domestic Product Index” by the Federal Reserve Bank of St. Louis. Also known as “GFDGDPA188S” from 1/20/2001-1/20/2009.
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