Gold miners have significantly outperformed chip stocks this year, soaring 135% compared to 40%, driven by gold’s 45% rally. This surge is fueled by central bank buying and rate cut expectations, with major miners like Fresnillo quadrupling. Despite strong performance, gold miners’ valuations remain attractive at 13 times forward earnings.
US stocks today: Dow posts closing record high, S&P 500, Nasdaq muted as AI rally pauses
US stocks ended mixed as the Dow hit a record closing high driven by healthcare and consumer gains, while tech and chip stocks lagged. Banking
May 27, 2026