The Washington Examiner: Gold Prices Soar, Outperforming Stock Market Amid Economic Uncertainty
Article by Zach Halaschak in The Washington Examiner
The price of gold is hovering around record levels and has exploded in value over the past year or so as the economy faces uncertainty.
As of Friday, gold was selling for about $3,680 per ounce. That represents an 8.3% increase from just a month ago, a 25% increase from six months ago, and a strong 38% growth in value from the start of the year.
Compare that to the stock market, the S&P 500 has notched gains of about 12% since the start of the year, the tech-heavy Nasdaq is up nearly 15%, and the Dow Jones Industrial Average has grown 8% in that same time period.
There are a variety of factors at play as to why gold prices might have risen so much, but a key one is that gold is and has long been seen as a safe-haven asset. Investors ......