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Owning gold or oil — or both — can even out the volatility of a stock-heavy portfolio.
Gold investors typically tout several virtues of the yellow metal: It hedges against inflation, they say, it’s an uncorrelated asset that doesn’t move with the stock market and it can grow in value...
That bout of weakness in February turned out to be a lot more than just another little market hiccup to file away and forget. The market only partially recovered, then gave into additional weakness.
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