Gold Is Losing Its Dazzle

    Telemus In the News
    | October 9, 2023

     

    Gold is facing tough competition from government bonds and the US dollar this year as the preferred haven for cautious investors. Gold prices have declined in recent months due to a surge in bond yields and the dollar, which makes government bonds more attractive and gold more expensive for foreign investors.

    Nevertheless, some investors, still believe in gold's value and see it as a hedge against uncertainties. Matt Dmytryszyn, Chief Investment Officer, expects gold prices to trade between $1,700 to $1,900 over the next six months, emphasizing the potential for unexpected events in the future.

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    CNN

    CNN

    The article provided above, and the information contained within, is from a third party source, which we believe to be reliable, however Telemus cannot guarantee the accuracy or completeness of such information, and certain information may have been condensed or summarized from its original source. The author of this article is Krystal Hur of CNN which is owned and operated by an independent third-party. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Telemus Capital. All opinions expressed in this article are for general informational and/or educational purposes. These opinions are subject to change without notice and are not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Telemus Capital does not provide tax, legal or accounting advice, and nothing contained in these materials should be relied upon as such.

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