Gold Hits Record High: $235 Jump in a Day, Outperforms Stock Market

• Gold prices saw a record single-day gain of $235 per ounce, closing at $5,414, marking its largest dollar increase ever.
• The Dow Jones Industrial Average is now equivalent to only 9 ounces of gold, its lowest level since 2013 and 80% below its 1999 peak in gold terms.
• Economist Peter Schiff suggests this indicates a historic bear market, with gold reflecting real value better than paper assets.
• Global economic uncertainty, inflation fears, interest rate concerns, and safe-haven demand are driving gold's strength.
• Experts predict gold will play a more crucial role in investor portfolios amid continued stock market volatility.

Why It Matters: Gold achieved a record single-day surge, highlighting its safe-haven appeal amid global economic uncertainty.