by Paul Wong
Gold bullion continued to deliver strong performance and was up 11.15% YTD through April 30, 2020, and 31.39% YOY. At the same time, gold mining equities (SGDM)1 have gained 13.81% YTD, and 58.67% YOY as of April 30. This compares to -12.36% YTD and -7.91% YOY returns for the S&P 500 Index.
[…] Markets Recalibrate
Capital markets and society continue to recalibrate from the enormity of the fallout of the COVID-19 pandemic. As difficult as the current situation is, gold fundamentals continue to improve. Gold, as an investment, offers a hedge against the current financial turmoil and has significant capital appreciation potential in the years ahead.