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Price of gold hits record high - should you invest?

The article from Which? discusses the recent surge in gold prices, reaching a record high of over $2,000 per ounce, driven by factors like economic uncertainty, inflation fears, and geopolitical tensions. It explores whether now is a good time to invest in gold, highlighting its traditional role as a safe-haven asset. The piece outlines the pros of investing in gold, such as its potential to hedge against inflation and currency fluctuations, but also notes the cons, including no yield, storage costs, and potential for price volatility. It advises potential investors to consider their investment goals, risk tolerance, and to diversify their portfolio rather than putting all their money into gold. The article also mentions alternative ways to invest in gold, like ETFs, gold mining stocks, or physical gold, and stresses the importance of understanding the market dynamics before making investment decisions.

Read the Full Which Article at:
[ https://www.which.co.uk/news/article/price-of-gold-hits-record-high-should-you-invest-at2Ec0Q8T4tB ]