Gold prices are soaring. In fact, they are near all-time highs. And this is resulting in conversation once again arising on whether or not to invest in gold.
Not so long ago, gold prices had fallen 20% or so. At that time, it made eminent sense to start allocating more funds to gold. But what should be done now when gold prices are near historical peaks? That is not to say that it cannot go further up, though.
First, let’s see what factors may influence gold prices, going forward.
Positive outlook for 2023