Gold surges to $2,700 an ounce, up 32% this year, with experts predicting a potential rise to $3,000, as investors seek a hedge against inflation.
.png)
Gold has been rising in price rapidly, reaching $2,700 an ounce for the first time. The precious metal started this year at $2,063 per ounce, marking a 32% increase, with no signs of slowing down. Experts predict that gold could reach $3,000 per ounce by the end of the year. Many investors are eager to enter the gold market now, expecting the price to climb even higher in the coming years. Investors view gold as a hedge against inflation, with Costco stores repeatedly selling out of gold bars. They also see gold as a highly liquid asset. Financial experts recommend limiting gold to 10% or less of your portfolio to avoid overleveraging in a single asset class.
