Quick Take
A compelling trend has emerged in the financial world, with gold recently closing above $2,000, a threshold it first surpassed earlier this year in April. Over the last five years, gold has consistently outperformed the S&P 500, delivering a return of 62% compared to the S&P’s 53%. Currently, both are recording year-to-date increases of approximately 8.5%.
CryptoSlate’s analysis suggests that current market conditions are echoing patterns observed in the 1970s. Prior to that decade, the performances of gold and equities were closely matched.
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