Published on 30 Oct 2024 on Benzinga
...Defies Market Gravity: Why The Precious Metal Is Decoupling From Treasury...
Gold prices surged 1% on Tuesday, hitting a new all-time high of $2,770 per ounce, as investors pour into the commodity amid mounting concerns over ballooning deficits and political uncertainty.
Up 34.2% year-to-date, gold is on track for its strongest annual performance since 1979, the third best gain in the last half a century.