Gold hits record highs amid uncertainty

Gold hit its highest month-end price ever in May, compared to the Bloomberg Commodity Spot Index. For its price to speed up further, the US stock market may need to fall, as the S&P 500 struggles to stay at record highs. If the overall market keeps rising, gold could face challenges. Gold’s record high price challenges the view that US stocks will keep rising in 2025. It is at its highest level compared to broad commodities in decades, signalling economic uncertainty. The current gold-to-commodity ratio also suggests more trouble is on the way. Read more about the rising cost of gold, how...