Up 19% Year to Date, Can Gold Outperform the S&P 500 and Nasdaq Composite by the End of 2024?
It has been a great year for the broader indexes like the S 500 and Composite, which are both up over 18% year to date. Investor enthusiasm for sustained economic growth and higher earnings, especially from megacap tech companies, is propelling the rally.
But gold is quietly up nearly 20% year to date -- outperforming the S 500. Prices of the yellow stuff are knocking on the door of $2,500 per ounce -- a more than $600-per-ounce climb from levels seen last fall.
Here's how to approach gold right now, some of the catalysts driving the price higher, and whether gold is worth investing in.
Source Fool.com
