The price of gold recently surpassed $2,500 per ounce, with average gold bar values hitting $1 million, indicating a surge in investor interest as gold outperforms the stock market.
Over the past six months, gold prices have soared nearly 25%, while the S&P 500 only managed a 13% increase. Such performance suggests gold's appeal as a volatile yet rewarding investment vehicle.
Inflation in the U.S. and globally has led investors to seek gold as a reliable store of value, driving up prices even as inflation rates begin to stabilize.
Central banks are showing increased interest in gold, with a 6% year-over-year rise in demand, collectively purchasing 483 tonnes, the highest level recorded in the second quarter.
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