Rising Treasury yields improve Ray Dalio's All-Weather Portfolio outlook, boosting bonds and gold appeal.

Ray Dalio's All-Weather Portfolio (AWP) has underperformed since 2020 mainly due to rising long-term US Treasury yields. With 30-year Treasury rates now at 5.5%, the potential returns from bonds have improved significantly, narrowing the performance gap with the S&P 500. This shift enhances the portfolio's risk/reward balance and renews its relevance for investors. Additionally, gold remains a valuable hedge within the AWP due to its current valuation and negative correlation with real interest rates, making it worth reconsidering as a core asset.

While 30-year Treasury rates have risen to 5.5%, enhancing bond returns as noted in the article, gold on Pluang trades at USD 78.12 as of Sep 29, 2026 23:02 WIB, closer to its 52-week low of USD 72.16 than its high of USD 101.57. This contrast highlights gold's potential value as a hedge compared to its recent peak, aligning with its role in Ray Dalio's All-Weather Portfolio. The 1-day gain of 0.80% in gold also suggests active buying interest among investors on Pluang.