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Investors turn to gold as stocks get whipped around

New York (CNN Business)The turbulent stock market has thrilled gold investors.The price of gold has gained more than 8% since the beginning of October. The S&P 500 has plunged 14% during the same time frame.And investors who've bought gold mining stocks have done even better than those who just own the precious metal. Newmont (NEM), a gold miner whose stock is in the S&P 500, has soared more than 13% since October. And Barrick Gold (ABX), which merged with Randgold last year to create the world's largest gold miner, is up nearly 20%. Why has gold been so hot? Gold performs well when investors are nervous, as they clearly are right now. Stocks have made a nice comeback in 2019 on reports of progress in US-China trade talks and recent hopes t ...
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