Gold prices surged to a new all-time high of $3,720 per ounce during trading on Sept. 16. Analysts caution, however, that despite the metal’s rapid rise, investors should weigh the risks before jumping in.
The real value of gold
Independent financial analyst Aman Alimbayev noted that while gold has repeatedly set nominal price records, its inflation-adjusted value tells a different story. The previous real record dates back to the 1980s, when inflation and geopolitical tensions pushed gold to $850 per ounce, the equivalent of about $3,590 today.
Is gold a good investment?
Alimbayev stressed that gold serves primarily as a...