Gold Matches S&P 500 Performance In First 3 Quarters; Up 12% 2017 YTD

Jon Gold, Market Commentary, Precious Metals

Editor Mark O’Byrne
– Gold climbs over 12% in YTD, matching S&P500 performance
– Palladium best performing market, surges 36% 2017 YTD
– Gold outperforms Nikkei 225, Euro Stoxx 50, FTSE and ISEQ
– Geo-political concerns including Trump and North Korea supporting gold
– Safe haven demand should push gold higher in Q4
– Owning physical gold not dependent on third party websites and technology remains essential
***
In the year-to-date the gold price performance has matched the S&P 500, climbing over 12%.
Gold’s matching of the S&P 500 is particularly impressive when you consider the record-breaking performance of the benchmark stock market index in the last year. Yesterday it advanced 0.1% to 2510.06, a new all time record high price.
It is also impressive considering sentiment towards stocks is shall we say ‘irrationally exuberant’, while sentiment towards gold remains muted despite gold eking out gains in 2016 and now again in 2017.

This post was published at Gold Core on September 29, 2017.