Why Bonds Are Still Essential for Diversified Portfolios

For long-term investors, knowing the difference between what can and cannot be controlled is the key to both financial success and peace of mind. While all investors would like to believe they can predict or even control the direction of the market, experience teaches us that this is difficult to do.

As the debt ceiling drama in Washington unfolds, uncertainty around the Fed grows, and inflation remains stubbornly high, the price of gold has experienced a surge over the past six months. How is gold affected by recent events and what role can it play in a well-diversified portfolio?