Gold vs. Stocks: As Both Hit Record Highs, What's Performing Better for Investors?
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The price of gold and the S&P 500 both reached new record highs after the Federal Reserve signaled that it’s still expecting to cut interest rates this year.
Both assets have had a strong first quarter so far in 2024, and as they reach new all-time highs, you may be wondering which is the better investment.
First off, the reality is you don’t have to choose: A diversified investing portfolio typically includes a mix of stocks and bonds, and some experts recommend including gold investments as a "safe haven" asset as well (usually no more than 5 to 10% of your portfolio).
Gold, which is trading around $2,180 per troy ounce, is up about 6% so far this year and 11% over the last 12 months, partially due to expectations for interest rate cuts and high levels of central bank buying.
