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Even as the price of gold surges, many would benefit from investing in the precious metal now. Getty Images
In recent years, gold has caught investors’ eyes, especially since the start of 2024. The price of gold has been on a steady climb and even hit a new all-time high of $2,672 per ounce in September. This surge has pulled in even more investors, fueling further price increases. But now with gold prices at record levels, many are asking: Is it still smart to buy gold? Or should investors wait for a pullback?
We spoke with three financial advisors to get their perspectives on where gold prices might go from here. Below, we’ll detail what they’re saying about investing in the precious metal today.
Start exploring your top gold investing options here now.
Does gold investing make sense with the price high?
Investing in gold can still be smart despite high gold prices, according to Steven Conners, founder and president of Conners Wealth Management.
While many investors think of gold primarily as a hedge against inflation, Conners argues its appeal is broader.
Does gold investing make sense with the price high? Here’s what experts say.
