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An & in the Markdown file gets changed into & by Markdown.
< and > get changed into &lt; and &gt.

You can enter HTML entities like &copy; and &pound; directly into the Markdown: ©, £, §, ¶, ←, →, ♥, etc.

You can also paste unicode characters directly into the Markdown source and they’ll be rendered. Here’s a few: ⌘ ⌥ ❄ ★ ☂ 🍔 🤷 📚 🎒 ✋ 👓 🐅.