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Gold Surges Past S&P 500 in Five-Year Growth

OilPrice.com Thursday, 18 April 2024 ()
Demand for gold is high, with Costco reportedly selling up to $200 million worth of gold bars every month in the United States.Gold is considered a unique asset due to its enduring value, historical significance, and application in various technologies like computers, spacecraft, and communications equipment. Commonly regarded as a “safe haven asset”, gold is something investors typically buy to protect themselves during periods of global uncertainty and economic decline. It is for this reason that gold has performed rather strongly…
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News video: Biz Pulse: Gold Shines Bright Amid Growing Global Turmoil, The Reasons| Oneindia News

Biz Pulse: Gold Shines Bright Amid Growing Global Turmoil, The Reasons| Oneindia News 02:13

Gold prices have surged over 15% in the last three months, making it the best performing asset class since the beginning of 2024. Similarly, silver has delivered returns of over 13% since January 1. Citigroup forecasts gold to reach $3,000 per ounce over the next 6-18 months, driven by inflation and...

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