Gold surges to new all-time-high; overtakes Magnificent 7 as most crowded trade

You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More Gold has soared to successive all-time highs this year. At the time of writing, gold is trading at US$3,433, after surging more than 30% for the year to date. Gold has significantly outperformed the S&P/ASX200 Index (ASX: XJO), which is down more than 5% for the year to date. Historically, gold has been seen as a safe haven during…