nejra: nannette hechler-fayd'herbe they still with us.d gold in the portfolio as protection to diversify, given your underweight bonds? nanette: gold is part of commodities and commodities is part of alternative investment at credit suisse. we see it as an excellent diversifier which is one of the commoditieslso have commodit as a good consummate in the portfolio. it reacts to factors that are different from the rest of the portfolio and drivers. to interest rates in the u.s. and to the dollar. when you are in a period a period of risk-off as we are now, when interest rate cuts are being priced in, then gold is reacting positively because of what is driving the price of gold. manus: can i ask you, the oil markets are in flux. we are going to be a next week, we will discover what action opec+ might take. you look at oil and you look at the super cycle in commodities and oil, what shifted for you? nanette: the oil market for us is always one where demand is in some sense the driving force, then supply is adjusting to it. it is the market th