Gold prices are at record highs! – But why are investors still interested in it?
Gold prices have risen more than 12% in the year to date and continue to reach record levels.
Global uncertainty is one reason that is driving investors towards the precious metal, according to Simon Popple, managing director at Brookville Capital.
"I think we lived in a world where we had a lot more security than we probably have today, " Popple said.
He pointed in particular to the tariffs imposed by US President Donald Trump, which are likely to be inflationary.
Investors are also nervously watching for possible retaliatory measures from affected trading partners.
In times of volatility, gold is a safe asset in the sense that its value is less volatile even when currencies are falling.
Gold prices can fluctuate in the short term, but the metal has historically strong purchasing power.
"I don't think there's a perfect hedge against inflation," Popple explained, " But I would strongly advocate the idea that people should dare and have some exposure, no matter how big or small."
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