Prenumeration
May was marked by stability in gold and renewed momentum in silver. The gold price remained near previous highs, while silver surged and is approaching technically essential levels. At the same time, the US dollar has weakened noticeably, reflecting market expectations of upcoming rate cuts in the United States.
Despite high interest rates and a previously strong dollar, gold's resilience underscores its role as a hedge in an uncertain monetary landscape.
In this monthly letter, written by the end of May, we summarize market developments, highlight the funds’ performance, and provide a forward-looking perspective that has, in part, already begun to be realized.
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