Hello there,
I'm currently holding a portfolio with an allocation split of 60% stock and 40% bonds that is leveraged through the use of futures (I've been targetting leverage of 4x and rebalance monthly just using the notional value of a contract). I was thinking of adding gold exposure but any hope of analysing the different sharpe ratios of portfolio combinations feels biased by how well gold is doing. Nevertheless, a part of me feels confident enough to speculate that this might just be the volatility of gold now, especially since it lines up with the covid period where the number of market participants did supposedly increase. I was just hoping for some advice or reality checks for the above. Thank you for your time