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Stock Market ‘Unstoppable’ as S&P 500 Hits 43rd All-Time High This Year Despite Economic Turmoil

Author: Content Editor
The S&P 500, the stock market's benchmark index, has experienced a significant rally of over 20% this year, its largest gain since 1997. This comes despite geopolitical tensions and concerns about a financial crisis. The index has nearly doubled its growth from last year and has had its best start to a presidential election year in history. The S&P 500 has reached its 43rd all-time high this year and has increased by 40% since October of last year. This upward trend has led some to believe that the market is unstoppable. Meanwhile, investors are turning to safe haven assets like gold, causing the precious metal's demand to soar. Gold is on track for its best annual return since 1979, with a 28% increase this year. The price surge is happening as the total money supply in various countries hits a historical high, growing by $7.3 trillion in the past year. Iran's missile strikes against Israel have also contributed to the rise in gold prices. Societe Generale, a French bank, has shifted its commodity allocation to 100% gold, reflecting growing confidence in gold as a safe-haven asset in an uncertain market.

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