6 reasons for beginners to buy 1-ounce gold bars this May

[Hitman]

 

CREATIV STUDIO HEINEMANN/GETTY IMAGES

The price of gold has been on an upward trajectory over the last several months and has increased significantly over the last few weeks in particular. After starting 2023 near $1,800 per ounce, the precious metal is now sitting above $2,300 an ounce, hitting new record highs along the way.

There are a few key reasons behind gold's powerful rally. One major factor is resurgent inflation. While the inflation rate is down significantly compared to its recent peak of 9.1%, the newest inflation report showed that the inflation rate ticked back up again in March, climbing to 3.5% — up from 3.2% in February. And, while rate cuts were expected in mid-2024, the Federal Reserve has since signaled it may need to keep rates higher for longer to get inflation fully under control. But elevated interest rates tend to undermine economic growth, which increases the appeal of safe-haven assets like gold.

In turn, investors have been flocking to gold as a hedge against these systemic risks and broader economic uncertainty. This increased demandhas helped further buoy gold prices. But while the current gold price rally creates an appealing entry point for all types of investors, from big institutional money managers to retail buyers, there are a few compelling reasons why beginner investors in particular may want to add 1-ounce gold bars to their portfolios this May.

 

[SwamyRaRa]

Ltt

[Spartan]

repu Akshaya Tritiya

[godfather03]

32 minutes ago, Spartan said:

repu Akshaya Tritiya

Inka gold price peruguthadi antava?

[Spartan]

27 minutes ago, godfather03 said:

Inka gold price peruguthadi antava?

yes 

[SwamyRaRa]

Ok