S&P 500 Vs. Gold: Bloomberg Intelligence Weighs In On The Battle

KitcoNews/Sarah Benali/09-29-17

Gold and the S&P 500 are currently in a tight race.

For Bloomberg Intelligence analyst Mike McGlone, this translates into good news for the yellow metal.

“Running neck and neck with the S&P 500 in a tightening cycle should favor gold in most scenarios,” the commodities strategist wrote in a report released Friday.

… “With the record-setting stock market barely beating gold, the metal may be worthy of greater attention,” he said.

“Despite all of the attention on stocks, gold may be looking ahead to a more favorable endgame at a steep discount to historical highs with inflation brewing, a potential dollar peak and the lowest CBOE Volatility Index ever.

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