Gold Has Outperformed the S&P 500 So Far This Year
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Gold is trading at a record high — so high, in fact, that the precious metal's performance has now eclipsed that of the S&P 500 in 2024.
Gold, which tends to have an inverse relationship with interest rates, gained momentum after the Federal Reserve signaled last week it would likely cut rates later in the year.
Physical gold doesn’t accrue interest or pay dividends, and other interest-bearing investments can be more attractive to investors in a high-rate environment. There's no public timeline for how many times the Fed will slash rates in 2024 or when it'll happen. But the expectation of interest rate cuts is now creating more excitement around gold.
