The outlook on gold and gold stocks into the summer is looking strong, according to the charts

📆 16/05/2024 18:44:00
📰 CNBC

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Dave Keller looks at gold stocks as the metal outperforms major equity markets this year.

With investors focused in on the major equity averages achieving new milestones this week , it may be surprising to learn that gold has actually performed both the S & P 500 and Nasdaq so far in 2024. Let's take a look at how gold stocks have fared and see how recent price action suggests the uptrend is nowhere near completed. While gold began 2024 by underperforming equities, a resurgence in March and early April propelled this commodity much higher.

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