- The gold price has soared to a new record high of $3,600 per troy ounce, marking a 42 per cent increase from a year ago, amid concerns about President Trump’s radical trade policies.
- Experts predict the upward trend could continue, with some forecasting the price may exceed $4,000 by next year, as gold maintains its status as a 'safe haven' asset during economic uncertainty.
- Central banks, notably China, are contributing to the price surge through increased purchases, while an HSBC survey reveals that four out of ten investors plan to own gold within the next year for diversification.
- Gold is seen as more attractive when interest rates are falling, but its price is largely sentiment-driven and volatile, offering no income or guaranteed return, unlike other investments.
- Investment options include physical bullion, low-cost tracker funds (ETCs) that can be held in an ISA for tax-free gains, or funds focused on gold-related companies, with experts advising a maximum 5-10 per cent portfolio allocation.
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