5 January 2024
In 2023, various asset classes showed diverse performances, as evidenced by data from S&P Global and Investing.com. U.S. equities, real estate, and bonds, along with Canadian, European, and emerging market equities, all reported positive returns. Gold notably maintained high values, favored as an inflation hedge and further boosted by escalating geopolitical tensions. On the other hand, oil, commodities, and Chinese equities experienced negative returns, largely attributed to the slowing Chinese economy. This comprehensive overview highlights the varied market movements of major asset classes, with gold standing out for its sustained strong performance amidst global uncertainties.