Getty Images; Alyssa Powell/BIThe price of gold hit all-time highs this week.Falling interest rates and rising geopolitical tensions boost gold's appeal as a safe haven asset.With gold outperforming stock prices since October 2022, Wall Street expects the rally to continue.The price of gold has soared this year.The precious metal hit a record high of $2,772 per troy ounce this week and has risen in six of the past seven weeks.With year-to-date gains of about 33%, gold returns have outpaced the broader stock market, including the tech-heavy Nasdaq 100, by about 10 percentage points.And since the bull market in stocks began in October 2022, gold has outpaced equity gains, returning 67% compared to the S&P 500's return of about 63%, according to data from YCharts.Those superior returns make the metal one of the world's hottest investments.The largest gold ETF, the SPDR Gold Shares, has $78 billion in assets under management and has seen about $5 billion of inflows in the past six months, according to data from ETF.com.Physical gold is also having a moment.
How Gold Became One Of The World's Hottest Investments
mfox@businessinsider.com (Matthew Fox), Business Insider
Sat, 10/26/2024 - 5:15am
Topics: images alyssa powell/bithe wall street nasdaq s&p ycharts spdr gold shares etf.com wells fargo costco turkey india goldman sachs mohamed ft russia middle east taiwan treasurys&mdash davix oxley capital economics interactive brokers steve federal reserve july people's bank canada european central england october world gold council china ukraine america el-erian us treasury trump sosnick fed insider world's hottest investments rates dollar week banks interest global safe sanctions cut economy haven metal gains tensions rise geopolitical data prices system rising debt points basis expected asset financial rate inflation hit stock price record fiscal investors countries year market deficit note dynamic including risen returns bars persistent election independence store soaring economist international remains billion outpaced sound months month reliant
BING NEWS:
- 'World's Hottest Soccer Player' Goes Viral During Switzerland Game
Alisha Lehmann represented the national team for Switzerland on Friday. It was a brief break from her run with Juventus. Lehmann has been nicknamed the "World's Hottest Soccer Player" by a few media ...
10/26/2024 - 5:30 am | View Link - How the Trump Rally at Madison Square Garden Follows a Long Tradition in Politics
Trump's rally at Madison Square Garden follows a long line of political events at the storied New York City arena.
10/26/2024 - 3:43 am | View Link - How gold became one of the world's hottest investments
Central banks purchased a record 483 tons of gold in the first half of the year, according to the World Gold Council, a factor that's driven prices higher.
10/26/2024 - 1:34 am | View Link - Trump rally at Madison Square Garden follows a long tradition in politics
Kennedy, adding to the lore surrounding what the New York Knicks announcer calls “the world's most famous arena ... 1962. It had been the hottest May Day in New York City history, with temperatures ...
10/25/2024 - 1:00 pm | View Link - Burger King's new Lucky Charms shake is the pot of gold at the end of a sugar rush rainbow
The biggest stories of the day delivered to your inbox.
10/24/2024 - 1:00 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more