Gold Surges, S&P Hits New High

The S&P 500 hit a record high, gaining 17.48% this year, while gold surged 71% to $4,514 per ounce. Duke University research links gold ETFs to price increase, but golds volatility doesnt align with inflation trends. Stocks outperform gold long-term. Looking ahead, tokenized gold stablecoins and bank interest in precious metals could boost prices further. S&P futures and European markets are flat, Asia slightly down, and Bitcoin at $87,000.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.