Barron's: Gold Rush to Continue. Thank Washington for More Gains
Article by Paul R. La Monica in Barron's
The Dow just notched a new closing record and the S&P 500 and Nasdaq Composite aren’t far from their all-time highs, either. It’s tough to complain if you own stocks with large market caps—but gold investors are doing even better.
The yellow metal is also at a record high and has gained nearly 28% this year, outperforming the major market indexes.
Can gold, now trading near $2,650 an ounce, keep glittering? Experts are still bullish,mainly for the same reason that investors in stocks are gearing up for more gains: it’s all about the Federal Reserve.
The Fed’s half-point rate cut last week boosted gold and the stock market. More interest rate reductions are likely coming later this year and through 2025, too.
“The cut in U.S. interest rates could propel gold ......