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A golden message for financial markets

Read about global markets and trends in this monthly Investment Outlook

Published on 04 May 20231 minute read

This monthly commentary gives a roundup of global markets and trends.

In this edition:

  • The price of gold bullion soared past $2,000 per troy ounce to hit a record high during April[i], helped by central bank and private sector buying
  • Higher gold price may reflect an expected pause in US interest rate rises and its likely impact on the dollar
  • The US Dollar has suffered, given that other major central banks will continue to raise interest rates
  • A weaker US Dollar provides a tailwind for stocks and bonds

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The value of an investment may go down as well as up and you may get back less than you originally invested.

[i] Refinitiv Datastream/Evelyn partners data as at 30 April 2023

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