Gold price up over 1%, closing in on new record
Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks.
The following chart shows the performance of mining stocks (XAU) versus the broader stock market (S&P 500). This comparison is useful in identifying periods when mining stocks are oversold or overbought versus the stock market as a whole. As you can see…
