Gold prices have surged over 45% in 2024, reaching multiple record peaks and heading toward their strongest annual performance in 45 years. With the stock market seemingly printing new all-time highs every week, gold and the gold miners are seen as a solid hedge against a market meltdown after a massive run since 2022.
The case for gold and gold miners is compelling for two reasons. Firstly, gold can serve as a strategic hedge against inflation. Secondly, some top miners extract silver and other essential commodities for industrial applications.
This post appeared first on 24/7 Wall St.