Horizon Handout November
Gold takes a breather after a strong rally – drivers for bull market intact
Political chaos: French government bonds ‘riskier’ than Italian ones
International equities outperform US equities in a single currency
Horizon Handout October
Horizon Q4 | 2025
Silver still undervalued against gold despite price rally
Upcoming Fed interest rate cuts are countered by weaker seasonality
Political concerns weigh on French government bonds again
S&P 500 (still) immune to high punitive tariffs
