Gold shined on Tuesday, rising almost 1 percent on U.S. dollar weakness.
(Read More: Gold Pares Losses, but Equities Lure Investors)
This month, the precious metal and the S&P 500 index have been trading at the same nominal price for the first time in three years. The last time that happened, some thought gold was the better short-term bet.
(Read More: Stocks Struggle to Hold Gains; JCP Skids 10%)
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Seema Mody is a global markets reporter for CNBC, focusing on the intersection of foreign policy and Wall Street.
