US Edition
Gold Is a Bright Spot for TSX, Helps Index Outperform the S&P 500
ONTARIO, CANADA, JUL 24 – Gold and precious metals contributed about 30% of the TSX’s returns as investors sought safe havens amid global economic and trade uncertainties in 2025.
- The TSX index rose roughly 11 per cent year-to-date as of July 24, 2025, outperforming the S&P 500, which gained about eight per cent.
- This outperformance followed increased investor demand for safe haven assets like gold, driven by global trade tensions and the U.S. and EU freezing Russian assets after the Ukraine invasion.
- Precious metals, including gold—which accounts for 12 percent of the TSX—have driven roughly 30 percent of the index's gains, with the S&P/TSX global gold sector experiencing a strong 40 percent increase so far this year.
- Fund managers noted that while gold’s rapid rise may slow without major economic or geopolitical disruptions, retail investors still have opportunities to invest, as prices hover around US$3,400 an ounce.
- This trend highlights gold’s significant influence on Canada’s market gains this year, though it remains uncertain if the TSX will maintain its lead over the S&P 500 in the future.
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The Peterborough Examiner+15 Reposted by 15 other sources
Gold a bright spot for TSX as Canadian index outperforms S&P 500
Gold and precious metals have been a bright spot this year, helping the S&P/TSX composite index outperform the S&P 500, with fund managers saying there could still be time for retail investors to get in on the action.
·Peterborough, Canada
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Coverage Details
Total News Sources18
Leaning Left10Leaning Right0Center1Last UpdatedBias Distribution91% Left
Bias Distribution
- 91% of the sources lean Left
91% Left
L 91%
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