Banking Industry Index vs. Gold Price | Chart of the Week
Sources: Ycharts; BMG Group Inc.
The term “Banking Industry Index” is not a specific or standardized metric, but rather refers to the various indices and metrics used to measure the performance of the banking industry.
There are many different indices and benchmarks used to measure the performance of the banking industry, depending on the specific region or market being considered, as well as the particular aspects of banking that are of interest.
For example, in the United States, some common benchmarks for measuring the performance of the banking industry include the S&P Banks Select Industry Index and the KBW Bank Index. These indices track the performance of publicly traded banks and are used by investors and analysts to evaluate the sector’s overall health and performance.
Other measures of the banking industry’s performance might include metrics such as loan growth, net interest margin, or return on assets. These metrics can provide insight into different aspects of the industry’s operations and performance.
Gold showed good risk-hedging ability during early 2020. For now, the pattern seems repeating again. Got gold?
