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The so-called “Magnificent 7”—Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla—have dominated headlines during the latest market rally. These tech giants collectively represent trillions in market capitalization and are often seen as the backbone of modern equity markets. Yet, in a surprising twist, one asset has surged even faster and now eclipses their combined value: gold. Gold Hits Record Highs Gold recently reached an unprecedented $4,300 per ounce, marking a 65% increase since January 1. This surge has propelled gold’s total market value to an estimated $30 trillion, making it roughly...
The “Magnificent Seven” tech stocks have dominated headlines during this market rally—but there’s one asset that has soared even higher and, in total value, dwarfs them all: gold. Gold recently hit an all-time high of $4,300 an ounce, up about 65%...
Earlier in November, we were supposed to receive the October inflation...
November was a bumpy month for the stock market and ended mixed for most...