Gold prices have soared 35% so far this year, far outpacing a 9% gain in the S &P 500. Over that period, the Dow Jones Industrial Average has jumped 6% and the tech-heavy Nasdaq has climbed 10%. The rush toward gold reflects heightened economic uncertainty,

Gold sailed past $3,500 per ounce to a record high Tuesday, as a weaker dollar and mounting expectations of a Federal Reserve interest rate cut in September boosted the precious metal’s appeal.