
Mike McGlone|May 31, 2025 18:47
Gold Could Be a Front-Running S&P 500 Put - Gold staying above 3,000 an ounce could be anticipating a down year for the US stock market. The potential for the S&P 500 to give back a portion of its over 100% total return since 2019 is insignificant in the big picture, but could have trickle-down deflationary implications that the record-setting metal might be detecting.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sx2k28t0g1kw {BI COMD}
#gold #stockmarket #dollar #macroeconomics @BBGIntelligence
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