Is Gold a Good Investment Right Now?

    | March 12, 2024

     


    Gold's recent performance is complex, influenced by multiple factors like lower interest rates, central bank buying, and geopolitical concerns. While it's doing well now, experts have mixed expectations for 2024. Some foresee further rises due to these factors, while others predict a range-bound or even downward trend. Matt Dmytryszyn, Chief Investment Officer, suggests the recent drop in Treasury yields might be temporary, causing this tailwind for gold to moderate. Ultimately, Dmytryszyn expects gold's price to remain within a certain range during the first half of 2024, unless geopolitical tensions escalate and drive demand for the safe-haven asset.

     

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    The article provided above, and the information contained within, is from a third-party source, which we believe to be reliable, however Telemus Capital 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 Matt Whittaker of U.S. New & World Report 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. Kovitz Investment Group Partners, LLC (“Kovitz”) DBA Telemus Capital. Telemus Capital is a division of Kovitz, a registered investment adviser with the Securities and Exchange Commission (SEC). Telemus Capital’s main office is located in Southfield, Michigan. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. 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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