Gold prices are up more than 12% since early August 2021, while the S&P 500 has dropped about 6% over that same stretch.
But gold as an alternative to cash loses its appeal for many investors in an environment of rising interest rates, because there's suddenly money to be made in government bonds andAccording to the quarterly filing, Palantir closed the period with $1.62 billion in U.S. Treasury securities, accounting for more than half of its cash, equivalents and short-term investments. That's up from zero at the end of 2022, according to its annual report.
"Cash equivalents primarily consist of money market funds and U.S. treasury securities with original maturities of three months or less, which are invested primarily with U.S. financial institutions," Palantir's filing said.its benchmark rate by another 0.25 percentage point, its 10th increase in a little over a year, to a target range of 5%-5.25%, the highest since August 2007.that topped analysts' estimates. The stock rose another 4.4% Wednesday to $9.99.
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