Gold Market Performance - Gold has surged over 20% since the Federal Reserve's dovish shift in Jackson Hole six weeks ago [1] - Gold surpassed $4,000 for the first time, previously crossing $1,000 during the Global Financial Crisis (GFC), $2,000 during the COVID-19 pandemic, and $3,000 on Trump tariffs [1] - Gold has outperformed other investments this century [2] - Gold is rising independently of equity market and Bitcoin movements, gaining 1% even when the S&P 500 and Bitcoin were down [3] Equity Market - The S&P 500's seven-day winning streak ended due to tech trade concerns [4] - The S&P 500 has added $16 trillion since the lows in April [4] Market Sentiment - Ray Dalio considers the market frothy [5] - It's difficult to reverse momentum trades significantly without government data to shift the narrative [5] - Diversification away from the US dollar may be driving gold's rise [1]
Gold Price Breaks $4,000 as US Shutdown, Rate Cuts Fuel Historic Rally
Bloomberg Television·2025-10-08 05:47