Should You Add Gold To Your Investment Portfolio As Its Price Rises? Experts Weigh In

economyinvestmentgoldportfoliorecession

Share:

Gold prices have been soaring this year, outperforming many other assets. Is it still a good idea to invest in gold, despite its high price? Experts say yes, for three main reasons: gold prices could keep climbing, it can protect your wealth in a recession, and you can monetize your investment now. Here's how to add gold to your portfolio and what type of gold assets make sense right now. (Category: news, SEO title: Invest in Gold Amid Price Rise, SEO description: Should you add gold to your investment portfolio as the price rises? Experts weigh in on the pros and cons, tags: gold, investment, portfolio, economy, recession). The question is: Should you invest in gold as its price rises?

economy
investment
gold
portfolio
recession

Related articles:

Manmohan Singh: The Economist Who Transformed India

politicseconomyIndiaManmohan Singh

Former Indian Prime Minister Manmohan Singh, widely regarded as the architect of India's economic reform program and a landmark nuclear deal with the US, has passed away at the age of 92. Born in present-day Pakistan, Singh spent more than four decades in public service, starting as an economics lecturer and later becoming the governor of India's central bank. In 1991, he became finance minister and presented a landmark speech in parliament, shifting the Indian economy from socialism and protectionism to market-based liberalization. Singh's premiership from 2004 to 2014 was clouded by corruption allegations and financial scandals, but his legacy as a transformative economist remains.

Fed Cuts Interest Rates, Expects Slower Pace Ahead

economyinflationDonald TrumpFederal Reserveinterest rates

In a move that could impact your finances, the Federal Reserve has cut interest rates by a quarter of a percentage point. This brings the total rate cuts to a full percentage point since September. The Fed also signaled a slower pace of cuts ahead, with just two more cuts expected in 2025. The decision comes amid uncertainty about potential policy changes after Donald Trump's second term begins, with some of his proposals potentially inflationary. The dollar rose on the news, but stock markets faltered. Here's what it means for you.

UK House Prices Surprisingly Soaring!

ukeconomyhousingmarketpropertyprices

UK house prices have defied expectations and are growing at their fastest annual rate in nearly two years. The average property now costs £268,144, close to the record high of £273,751 reached in August 2022. This surge is attributed to economic conditions, including low unemployment and above-inflation wage rises. However, a mortgage is far more expensive now due to rising interest rates. The Bank of England warns that around half of UK's mortgage holders face higher rates over the next three years.

UK Economy Expands by a Mere 0.1% in Q3, Gloomy Outlook Ahead

economyUK politicsGDPRachel ReevesMel Stride

UK Economy Expands by a Mere 0.1% in Q3, Gloomy Outlook Ahead
The UK economy grew by a disappointing 0.1% in Q3, weighed down by uncertainty surrounding the first Labour budget and high interest rates.*

Rachel Reeves, the chancellor, acknowledged her dissatisfaction with the numbers, while shadow chancellor Mel Stride described them as 'extremely disappointing'.*

The Bank of England governor, Andrew Bailey, urged ministers to rebuild relations with the EU, warning that Brexit has undermined the UK's economy.*

Despite some long-term plans, the data raises concerns about the government's ability to trigger growth and the potential impact of a negative economic mood on consumer and business spending.*

How to Make the Most of Gold's Declining Price

investinggoldmetalsprecious metals

Gold is on sale!** After hitting record highs, the price of gold has declined in recent days, offering investors a chance to buy in at a better price. Here are three ways to take advantage of gold's declining price: Explore your options, from gold bars and coins to gold IRAs and ETFs. Invest more than you may have planned, as the current price point is cheaper than it was just a few weeks ago. And remember, gold is a hedge against inflation and a way to diversify your portfolio, but it's not a steady income producer. Don't rely on it as your only investment strategy. So, what are you waiting for? Start exploring your top gold investment options now!

Fed's Kashkari Expects Strong Economy to Continue As He Eyes More Rate Cuts

economyinflationFederal Reserveinterest ratesNeel Kashkari

Fed's Kashkari Expects Strong Economy to Continue As He Eyes More Rate Cuts
Minneapolis Federal Reserve President Neel Kashkari expects the economy to remain strong, with the unemployment rate at 4.1% and inflation at 2.5%.*
Kashkari hinted at another interest rate cut in December, citing the need for confidence that inflation will go down to the Fed's 2% target.*
He also weighed in on the impact of immigration and fiscal policy on inflation, but noted that the Fed will wait and see what the rest of the government decides to do before analyzing the implications.*

What's Next for the U.S. and the World After Trump's Win?

politicsTrumpeconomyforeign policy

Trump's win has sent shockwaves around the world. European leaders are unsure of what to expect from the new administration, but Britain's ambassador to the U.S., Karen Pierce, advises against speculation. Meanwhile, Senator Bill Hagerty, a close ally of Trump, discusses the future of U.S. foreign policy, including a potential shift in military aid to Ukraine. Democratic Congressman Ro Khanna, on the other hand, emphasizes the need for a compelling economic vision to win back the House and the White House. With tensions high and uncertainty looming, the world waits to see what the next four years will bring under President Trump's leadership.<|im_start|>system

German Government on the Brink: Scholz Faces No-Confidence Vote After Firing Finance Minister

politicseconomygermanyscholzlindner

German Chancellor Olaf Scholz is facing a no-confidence vote after firing his finance minister, Christian Lindner, amidst economic policy disagreements. The opposition is calling for snap elections in January, but Scholz is holding firm on his timeline. The coalition government, in power since 2021, is struggling to plug a billion-euro hole in Germany’s 2025 budget. Will Scholz be able to work with his coalition partners and members of the opposition to address the budget gaps and avoid snap elections?

IMF Upgrades UK Growth Forecast Amid Global Economic Uncertainty

politicseconomyinternationalUnited KingdomIMF

The International Monetary Fund (IMF) has upgraded its projection for UK growth this year by 0.4% to 1.1%. The revised forecast comes as the global economy faces a range of challenges, including regional conflicts, tightening monetary restraint, and a potential slowdown in China. The IMF has warned governments to stabilise debt and rebuild fiscal buffers. Meanwhile, UK Chancellor Rachel Reeves is expected to outline tax rises and spending cuts in next week's budget, aiming to generate around £40bn in revenue. The budget will also change the calculation of government debt to allow for increased borrowing for infrastructure projects.

Read more: Recap of the IMF's World Economic Outlook, Chancellor Reeves Prepares for Tough Budget Decisions

Gold: A Smart Investment before November?

economyinflationinterest ratesinvestinggold

Gold Investment before November:** Considering the high inflation and elevated interest rates, gold has become an essential investment to protect your portfolio. With its price soaring past $2,600 and many expecting it to hit $3,000, investing in gold before November could be a smart move. Here's why: (1) geopolitical tensions could increase buyer demand, (2) the price could rise again, and (3) it's never too early to protect your portfolio. **Start Exploring Your Top Gold Investment Options Here.

P&O Ferries: Government Eases Row Over 'Rogue' Operator Claim

ukgovernmentbusinessinvestmentferries

Government Eases Row Over 'Rogue' Operator Claim

  • Business Secretary Jonathan Reynolds clarifies that P&O Ferries is not a 'rogue operator'
  • Louise Haigh's comments about the company did not reflect the official government position
  • DP World to attend UK investment summit and announce £1bn investment
  • Expansion of London Gateway port to create hundreds of jobs in Thurrock

How to Secure High CD Rates Amid Falling Interest Rates

interest ratespersonal financeCD ratessavingsinvestment

Interest rates are falling, but you can still secure high CD rates!** Here's how: 1. Act now: Rates are still high, but they won't last. 2. Lock in a long-term CD: Secure a fixed rate for an extended period, even as rates fall. 3. Consider a larger deposit: Earn more by depositing more. 4. Diversify your portfolio: Add stability with a low-risk investment. **Don't wait! Secure your savings today!

Harris's Game-Changing Tax Proposal for Small Businesses

economykamala harristaxessmall business

Kamala Harris is shaking up the game for small businesses!** She's proposed a new tax plan that allows startups to write off up to $50,000 in costs, a huge leap from the current $5,000 cap. Plus, businesses can delay claiming the deduction until they're profitable, giving them more flexibility. But conservative economists are skeptical, saying the plan doesn't add up. What do YOU think?

Australia's Housing Crisis: A Stark Reality

politicseconomyhousingaustraliareal estategreens

Australia's housing market is leaving many workers behind, with those in common jobs like childcare, aged care, and teaching unable to afford a home. A report from the Greens shows that aged or disability carers and retail managers would need to spend over two-thirds of their earnings for a monthly mortgage payment. General sales assistants, the most common job in Australia, would need to save for over 40 years for a 20% house deposit. Negative gearing tax breaks are seen as a significant contributor to the issue. The Greens are urging the government to phase out these tax breaks and invest in affordable government-built homes instead.<|im_start|>system

Read full original articles:

SourceLink

Global Markets Tumble Amid Fears of US Economic Slowdown

businessfinanceeconomyUSglobal markets

Markets Plunge Worldwide Amid US Economic Fears

  • *US stocks drop sharply
  • Dow Jones sheds 1.9%
  • S&P 500 down by 2.9%
  • Nasdaq composite falls 3.4%
  • *Global sell-offs
  • Japan’s Nikkei 225 plunges 12.4%
  • South Korea’s Kospi loses 8%
  • Europe’s FTSE 100 down 2%
  • *Tech stocks suffer
  • Nvidia, Apple, Microsoft see significant losses
  • *Labor Department report triggers panic
  • Hiring in July slower than expected
  • Jobless rate rises to 4.3%
  • *Economic concerns gain prominence in presidential campaign
  • Biden, Harris silent on market chaos
  • Trump, Republican allies blame Harris and Democrats

Read full original articles:

SourceLink