Bloomberg Money Minute: Gold, Silver Hit Record Highs; Bitcoin Falls; Stocks Rise

Precious Metals Surge

• 🥇 Gold prices have reached an all-time high, surpassing $4,500 per ounce, with a nearly 70% gain this year.
• 🥈 Silver has also seen significant gains, rising almost 150% to trade above $71 an ounce for the first time ever.
• 📈 Both gold and silver are on track for their best annual performance since 1979.

Bitcoin's Lagging Performance

• 📉 Bitcoin is trading around $87,400, showing little upward momentum and is down about 30% since October.
• ⚠️ The cryptocurrency is on track for its worst quarterly performance since Q2 2022 and has failed to join the year-end rally.
• 📊 Bitcoin is down more than 7% for the year, not attracting defensive lows.

Stock Market Gains

• 📈 Stocks closed higher on a holiday-shortened trading day.
• 📊 The Dow Jones Industrial Average gained 289 points.
• 🚀 The Nasdaq rose 51 points, and the S&P 500 closed 22 points higher, marking another record high for the index.