Up 29% Year to Date, Can Gold Outperform the S&P 500 Again in 2025?

2024 has been an excellent year for the broader market, with all the major indexes hovering around all-time highs.

After increasing by just 9% between 2021 and the end of 2023, gold has had a breakout year in 2024. With a 28.7% year-to-date (YTD) return, gold is slightly outperforming the S&P 500‘s (SNPINDEX: ^GSPC) 26.6% YTD gain.

Here are some factors that can drive the price of gold, the role gold can play in a diversified portfolio, and different ways to invest in gold.

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