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Source: Captain Ewave 04/10/2024 Newsletter Writer Captain Ewave shares a detailed analysis showing where they believe the gold market is headed.
For instance, in the current scenario, if you deposit your money for 180 days (6 months), you might earn around 5.25% interest annually. However, keeping the same money locked in for 2 to 3 years could earn a higher return of 7% per annum.
The precious metal continues to be in the thrall of US rate expectations and with yields starting to reverse lower from their recent elevated levels, gold may soon attempt to make a fresh multi-month high.
The precious metal has made a robust start to the year but the latest FOMC minutes out later today may stall the move.
The Vanguard Total International Bond ETF suffered heavy losses in 2022, declining by 12.5% in total return terms. Read on to see if BNDX is a Buy at this time.