Gold Mining Stocks Bull ish Mid October

Gold Mining Stocks Bullish Mid October

as The federal reserve embarks on iTs mosT aggressive raTe hiking cycle in recent memory, gold declined for the sixth consecutive month, a losing record we haven't seen since 2018.

In its battle against inflation, the central bank has raised rates by about 250 basis points (bps) so far this year, and numerous asset classes, including equities, bonds, and bitcoin, have suffered as a result. Gold is no exception, but it has managed to hold up better than most investments despite higher rates and the precious metal's longtime rival, a historically strong dollar. The SandP 500 has currently lost 22% of its value for the year, but gold has only lost 7%. If you didn't already know it, October has historically been the worst month for equities. October of last year did not let down. The SandP 500 lost more than 9% of its value, making October 2018 the worst month overall since March 2020.

The month also saw a collapse in emerging markets, with Taiwan Semiconductor, Tencent, Samsung Electronics, and Alibaba all experiencing 15%–20% declines.

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