A golden message for financial markets
Read about global markets and trends in this monthly Investment Outlook
The value of investments can fall as well as rise and that you may not get back the amount you originally invested.
Nothing in these briefings is intended to constitute advice or a recommendation and you should not take any investment decision based on their content.
Any opinions expressed may change or have already changed.
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
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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