IAUM - Q1 2024 Update: Gold Rallies
2024-04-11 03:53:21 ET
Summary
- Global equity markets reached record levels in Q1 2024, driven by perceived resilient economic data.
- But investors would be prudent to recognize that such data tells us little about real economic conditions, let alone future economic or investment prospects.
- Interestingly, gold experienced a substantial rally this past quarter alongside traditionally 'risk-on' assets.
- The crystal ball is foggy at best, but that doesn’t necessarily mean that our chosen pathway to strive for resilient wealth creation is any less clear.
Investment landscape
In the first quarter of 2024, global equity markets reached record levels, propelled higher by a general perception of ‘resilient economic data’....
Q1 2024 Update: Gold Rallies