Gold just hit $4,000—here’s how it fits into your investment mix
With the price of gold topping $4,000 an ounce for the first time Tuesday, you might be wondering whether the precious metal should be a bigger part of your investment strategy.
Prices have soared by 54% so far this year, putting it on track for its best yearly performance since 1979.
Investors often turn to gold when they lose confidence in other assets, typically in periods of economic uncertainty or market stress, because it’s seen as a store of value that holds its worth.
And when the U.S. dollar declines, gold becomes cheaper for international buyers, boosting demand. That’s helped push prices higher this year, with China’s central bank stockpiling gold as it moves away from U.S. securities, says Rob Haworth, senior investment…
