Asset services initiative: HSBC
Bank’s expertise in gold and bespoke securities lending helped central banks to navigate volatility
In a year marked by geopolitical headwinds, the rise of artificial intelligence and a backdrop of structural changes, asset prices have broken previous patterns. Equity prices have risen amid unprecedented levels of technology-related investment; while the US dollar and Treasuries – previously viewed as the ultimate safe-haven assets – have exhibited high levels of volatility. Gold, which traditionally made up ‘the stable part’ of a central bank’s reserves, is suddenly receiving attention from
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