Gold starts at record highs ahead of the Fed meeting
Gold (gc = f) Futures were $3,473 per ounce on Monday, with a closing price of Friday up 1.2% from $3,431.20. Gold’s record highs and heavy trading volumes show strong demand for precious metals ahead of the Fed meeting to set interest rates this Tuesday and Wednesday.
In addition to evolving US tariff policies, investors are weighing the potential economic impacts of the Israeli-Iran conflict that changed violence last week. One concern is that the Middle East conflict will raise oil prices and contribute to inflation. Amidst uncertainty, most investors are hoping the Fed will stabilize interest rates on Wednesday – CME FedWatch Tool. Without immediate interest rate cuts on the table, many investors could continue to move to gold as a safe inventory asset.
Opening prices for gold futures on Monday increased by 1.2% from Friday’s closings of $3,431.20 per ounce. The opening price on Monday shows a profit of 4.8% over the past week, compared to the operating price of $3,315.60 on the past June 9th. Gold futures prices rose 7.6% compared to $3,227.70 on May 16th.
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Investing in gold is a four-step process.
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Set goals
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Set the assignment
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Select the form
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Think about your investment timeline
The first step to investing in gold is to understand your goal of buying it.
Given the historical actions of gold, the three investment goals that are suitable for gold’s status are:
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Diversification into assets that move independently from stock prices
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Protection against inflation-related losses in purchased electricity
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A source of value and wealth in an unlikely economic collapse
Gold was part of a balanced portfolio considering its ability to retain or increase the value of other assets when it is decreasing. That’s why investors use gold as a stabilizer. Investors rely on gold strength during tough times to limit unrealized losses on stocks and limit inflation-related reductions in the purchasing power of cash deposits. That’s exactly what we’re seeing right in front of our eyes.
Gold is also a widely recognized and valuable storage. So precious metals can potentially stand as a medium of exchange if the dollar collapses.
“I recommend buying a little money as a hedge against disaster,” said Scott Travers, author of Coin Collector’s Survival Manual and editor of the “Coinage” magazine.
learn more: How to invest in gold in four steps
Whether you track gold prices from last month or last year, the amount chart below shows the stable upward value of precious metals.
Historically, gold has shown extended cycles and downcycles. Precious metals were in the growth stage from 2009 to 2011. It then fell, and it was unable to set a new high for nine years.
In these inactive years for gold, your position will have a negative impact on your overall investment return. If that seems to be a problem, a lower allocation rate is more appropriate. On the other hand, you may be willing to accept a low-performing year in gold, so you can benefit more in a good year. In this case, you can target a higher percentage.
Precious metals have been in the news recently, and many analysts are bullish on gold. In May, Goldman Sachs research predicted Gold will reach $3,700 per troy ounce by the end of 2025. This corresponds to a 40% increase per year based on the opening price of $2,633 on January 2nd. Increased demand from central banks is a factor that drives the rise, along with uncertainty associated with changes in US tariff policies.
If you want to learn more about the historical value of gold, Yahoo Finance tracks gold historical prices Since 2000.