How has gold performed throughout the year?
*The Wall Street Journal, by Ira Iosebashvili and Amrith Ramkumar, August 25, 2017
”Gold is on track to outperform stocks for the first time since 2011, highlighting the uncertainty that has accompanied this year’s stock-market gains. While a season of strong corporate earnings has powered stocks to records, investors are focusing on a cluster of issues that threaten to derail the rally.
Many are worried about coming negotiations to raise the U.S. debt ceiling, an event that has roiled markets in previous years.
A stock-market rally that hasn’t included a significant pullback in 19 months has amplified concerns that any correction could be swift and sharp, especially with valuations for many sectors near historic highs.
The worries have boosted prices for gold, a favorite destination for jittery investors who believe the metal will hold its value better than other assets when markets turn rocky”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.