Bitcoin is soaring, and some say Bitcoin is “digital gold.” But how about regular gold? It’s enjoying a nice little run of its own.

🏆 Gold closed at an all-time high on Tuesday despite higher real yields and a strong U.S. Dollar. Gold has gained nearly 4% in 2024 and 16% over the past 12 months.

Another interesting wrinkle: The price of gold is rising even as U.S. ETF assets invested in the underlying commodity keep falling.

“Gold, much more so than any other commodity, is about sentiment and psychology,” Peter Lynch once said.

— Matthew & Shawn

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