The price of gold rose strongly during 2024, hitting a number of record highs.
Although gold prices fell back following the US election, they remain higher than in previous years. Gold is typically seen as a ‘safe haven’ asset, with demand rising during periods of stock market turbulence. Notably, previous highs occurred after the Covid-19 pandemic and global financial crash.
Global equities have also been performing well although investors may remain nervous about wider political instabilities. Exchange Traded Funds (ETFs) tracking the spot price offer a low-cost and tradeable way to gain exposure to this asset. Investors should remember, though, that gold investments don’t yield any income, and the performance this year is no guarantee of future returns.
The value of your investment can go down as well as up and you may not get back the full amount you invested.
Past performance is not a reliable indicator of future performance.