Gold Reaches Highest-Ever Price as Economic Uncertainty Deepens
During times of global instability, gold traditionally shines as a safe haven for investors. Over the last 12 months, the price of this precious metal has increased by almost one-third, exceeding $3,550 an ounce a couple of days ago. Much of this demand is driven by investors seeking security, some of whom are primarily investing in gold by buying bullion in the form of coins, ingots, jewelry or bars. This isn’t for everyone though, as others prefer to trade financial products instead. Here, the focus is on exchange-traded funds that track the precious metal’s price and the buying selling of…