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Amid a chaotic stock market, the price of gold reaches historic high. What you should know [USA TODAY]
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The precious metal soared on Friday after Trump's caused global markets to froth, raising concerns about inflation and a global recession, according to Reuters. While the president halted most duties, , prompting Beijing to lift its tariffs on U.S. goods to 125%. "We expect gold's rally to extend into next year and for prices to stabilize at higher levels further out." UBS analysts expect prices to this year. What to consider about buying gold? Whether it's a good time to buy gold depends on various factors, including your investment goals, risk tolerance and time horizon, the broader economic outlook, and forecasts about the gold market. Historically, many people view gold as a hedge against inflation and currency fluctuations, . Others see it as a store of value during economic downturns. At the same time, some may find diversifying a portfolio of stocks and bonds useful, given its low correlation to both assets. “If you look at gold's performance historically, it's the k
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