Posted 3/9/2024, 1:00:00 PM
Gold Prices Hit Record Highs Despite Booming Economy, Driven by Chinese and U.S. Investors Seeking Stability Hedge
- Gold prices are at record highs despite a strong U.S. economy and stock market, puzzling some investors
- Demand from Chinese investors seeking a hedge against economic instability is a major driver
- Some U.S. investors also see gold as a hedge against inflation and geopolitical risks
- Interest rate cuts could boost gold further by decreasing bond yields
- Over 20 years, gold prices have risen nearly 400%, though still lagging the S&P 500's over 500% gain