In 2019, gold had its best performance for several years although it was still lagging the stock market.
But during the last 50 years, gold outperformed the S&P 500 (not including dividends).
And we can be bullish for the long term due to rising demand from central banks in the last few quarters and the technical picture.
Looking for a helping hand in the market? Members of Moats & Long-Term Investing get exclusive ideas and guidance to navigate any climate.
With the rising tensions between the United States of America and Iran, gold and the SPDR Gold Trust ETF (GLD) have gained about 6% within just a few trading days, which is quite a lot for the precious metal. After gold rallied from $1,270 in May 2019 to about $1,550 in August 2019, the price was in a corrective phase in the months following August. Due to the geopolitical situation and the looming military conflict between the United States and Iran, that corrective phase ended very suddenly.