U.S. stocks and gold have both reached record highs, reflecting a bifurcated investor mindset: optimism in risk assets alongside a flight to safety.
Since the springtime tariff-driven selloff, the U.S. stock market has been booming. The blue-chip Dow Jones Industrial Average, the broader S&P 500, and the tech-heavy Nasdaq Composite Index have been routinely registering fresh record highs this year.
Gold has been shining bright throughout 2025, topping $4,000 an ounce for the first time. Silver, the sister commodity, recently reached $50 per ounce, the highest level since the aftermath of the global financial crisis.
The rally in equities and the yellow metal either spotlights the divergence in traders’ views on the broader economic climate or the start of a fresh asset price boom….