Gold prices surged above their previous record highs of $2,072/oz. on December 1, 2023. Since then, gold prices have remained strong and shown signs indicating a potential to go much higher.
“Gold prices are on course to hit fresh highs next year and could remain above $2,000 [per oz.] levels, analysts said, citing geopolitical uncertainty, a likely weaker U.S. dollar, and possible interest rate cuts.”—CNBC, December 3, 2023
What are the reasons for gold’s latest rally to record highs, and how might consumers take advantage?
Click on the video link below for exclusive executive insights on this topic from Edmund C. Moy, 38th Director of the U.S. Mint and Senior IRA Strategist for U.S. Money Reserve.
Related headlines from around the web:
- CNBC: “Gold soars past $2,100 [per oz.] to new record—and analysts don’t expect it to stop there”
- Yahoo Finance: “Gold hits record, in early days of a bull market: Analyst”
- The Wall Street Journal: “Why Gold Prices Are Hitting Records”
Protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.