Gold Beats AI? This Miner Just Crushed Palantir In 2025

Group 1: Market Performance - Newmont Corp. is the world's largest gold producer and has seen its stock rise by 105% year to date, making it the second-best performer in the S&P 500 Index [2] - Gold has increased over 38% year-to-date, on track for its best performance since 1978 [2] - The VanEck Gold Miners ETF (GDX) experienced $531 million in net inflows in August, the highest since November 2023, and gold-linked ETFs saw $3.9 billion in inflows, the largest since April [6] Group 2: Valuation Comparison - Newmont trades at a next-12-month price-to-earnings ratio of 15x, while Palantir's forward P/E is at 212x, making Newmont's valuation more attractive for growth-focused investors [5] - The performance of gold miners has significantly outpaced the gold spot price, with GDX rallying 95% in 2025 [6] Group 3: Market Trends and Future Outlook - Analysts suggest that the current momentum in gold, silver, and copper miners is strong, with new 52-week highs being reached [7] - The U.S. dollar index is at a critical support level, which could lead to further increases in gold and other commodities [8] - The gold miners-to-gold ratio is nearly 60% below its 2011 highs, indicating potential for further growth in mining stocks [9] - There is a belief that the current gold cycle may just be beginning, suggesting that companies like Newmont could have significant upside potential [10]