Bullion Brilliance

The nuanced global picture is a testament to investors’ trust in gold, which gains appeal during broad political and economic uncertainty. Despite the fact that it doesn’t generate yield or pay dividends, gold has outperformed stocks and crypto by a wide margin over the past twelve months. Prices have surged over 40 percent since the beginning of 2024 to thru yesterday’s close at yet another all-time high, settling above $3000/oz.

The yellow metal has long been considered a safe haven asset, and has handily outperformed stocks to start the year. Given the outperformance, some investors may be wary of buying after such a run, so we asked: how does Gold perform after reaching new all-time highs? Conventional wisdom might suggest that buying at peak prices is risky, but our analysis reveals a different story for gold. In this report, we examine gold's historical performance following new ATHs to provide investors with data-driven insights.