Stock image.
October 2025 is shaping up to be one of the most dramatic months in recent market history. Gold has smashed through record highs near $3,900 an ounce, yet U.S. stocks remain surprisingly resilient.
Rebecca Teltscher, portfolio manager at New Haven Asset Management, tells MINING.com host Devan Murugan that investors are facing a confusing, almost contradictory market landscape.
“Take Canada’s TSX versus the US — two markets telling completely different stories,” Teltscher noted.
The TSX is driven by gold prices, which are at historic highs, with the gold sector up a staggering 109% year-to-date, in response to factors like increasing central bank demand, investor flight to safety, and positive operational leverage within mining companies.
Investors flock to gold during times of geopolitical tension or economic uncertainty. But the U.S. tells a different story,…
