Ready to get started? Find out more about your gold investing options. So, if you're considering an investment in gold, here's why you may want to take advantage of the current buying opportunity. While it may seem counterintuitive to consider a gold investment when prices are down, there could be potential benefits to doing so. Today's lower spot price has, in turn, led many investors to wonder whether this is the right time to buy into gold. After reaching a record high earlier this month, gold's spot price is now facing its most significant downturn in nine weeks, with the price hovering just above $1,980 per ounce as of December 13. This led to interest from new investors who were seeking the unique benefits offered by gold investing.īut while gold's value is typically stable over time, its price can fluctuate wildly in the short term, which is what we're experiencing right now. While gold's value tends to grow over the long term, the spot price of gold hit an all-time high on December 3, 2023, surpassing $2,100 per ounce for the first time. Gold has been an attractive investment option for centuries, but the precious metal has gotten a lot of attention from investors in recent weeks - and for good reason. The price of gold is down from an all-time high, which could signal that it's the right time to make your investment.
