With gains of nearly 30 percent in 2024, gold has outpaced many other investments since the start of 2024. The final high of Q3 was set on September 26, when the gold price hit US$2,682.79 per ounce. This was partly driven by the US Federal Reserve’s decision to slash 50 basis points from its benchmark rate following its meeting on September 17 and 18. The move bolstered investor sentiment across precious metals markets. In addition to the Fed factor, gold has also been buoyed throughout the year by high levels of central bank gold purchases, particularly out of Asia, alongside rising tensions in the Middle-East that have sent investors looking for safe-haven assets amidst geopolitical uncertainty.With that backdrop, how have record-breaking gold prices affected TSX-listed gold stocks? These companies are the best performers so far this year. Data was retrieved on October 10, 2024, using TradingView’s stock screener, and only…
