The graph shows performance for different investments in 2025, with gold outperforming by a wide margin. Source: Bloomberg, Edward Jones. Emerging-market represented by MSCI Emerging-markets Index. Int'l small and mid represented by MSCI EAFE SMID. Int'l developed large represented by MSCI EAFE. U.S. small represented by Russell 2000. U.S. mid represented by Russell Mid-cap. Cash represented by FTSE Canada 91-day T-bill Index. Investment-grade bonds represented by Bloomberg Canada Aggregate. Past performance does not guarantee future results. An index is unmanaged, cannot be invested into directly and is not meant to depict an actual investment.
The graph shows that the dollar declined against the CAD and euro in 2025 helping boost gold prices. Source: Bloomberg, Edward Jones. Past performance does not guarantee future results.
The graph shows that forward gold returns after prices rise 20% above their 200-day moving average. Historically, momentum tends to fade when gold runs too far, too fast. Source: Bloomberg, Edward Jones. Past performance does not guarantee future results.
The graph shows returns for gold, stocks and inflation by decade. While gold has outpaced inflation over time that was not the case in the 1960s, 1980s and 1990s. Source: Bloomberg, Edward Jones. Past performance does not guarantee future results. An index is unmanaged, cannot be invested into directly and is not meant to depict an actual investment.

Important information:

Sources: * Bloomberg, Edward Jones

Investors should understand the risk of owning investments, including interest rate risk, credit risk and market risk. The value of investments fluctuates and investors can lose some or all of their principal. Diversification does not ensure a profit or protect against loss in a declining market.

This report is intended as educational only and should not be interpreted as specific recommendations or investment advice. Investors should make investment decisions based on their unique investment objectives and financial situation.