Report post

How is the spot price of gold trending over the year?

The chart below shows how the spot price of gold is trending over the year. The data is as of 9 a.m. ET and doesn’t display intraday highs or lows. Gold is up 12.96% from the beginning of the year, as of 9 a.m. ET. The 52-week intraday high reached $2,450.06 on May 20, 2024, and the 52-week intraday low dropped to $1,810.10 on Oct. 6, 2023.

Are gold mining stocks correlated with the price of gold?

Although gold mining stocks' movements are correlated with the price of gold, company-specific issues can potentially take some shine out of those stocks, even while gold bullion is trading higher. That could cause a divergence in the price of gold mining ETFs relative to the price of a gold bullion ETF.

Should you invest in gold if the stock market is heading south?

Investors should treat gold, and precious metals in general, like any other asset class in a diversified portfolio. That means avoiding the temptation to tilt too heavily toward gold even as the stock market is heading south.

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts