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Gold beats equities in 2023

 

Gold officially outperforms the S&P 500 stock index in 2023 thanks to an October spike that pushed the price of an ounce of gold to the brink of $2000, a level not seen since May. Precious metals traders attribute the rise in the gold price to increased demand for safe-haven investments and protective measures following the 7 October attack by Hamas on Israel, which triggered a war between Israel and the group, which the US and the European Union label a terrorist organisation.

 

Read more in this article on Marketwatch.com

 

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