Both types of gold assets could be a smart bet in today's economic environment. Here's why.
The price of gold has been on a tear in recent weeks, surging to new heights and captivating investors in the process. After languishing around $1,900 per ounce for much of last year, the spot price of gold is now hovering just under the $2,400 per ounce mark, driven by a potent combination of persistent inflation, elevated interest rates and heightened demand from investors seeking a safe haven for their funds.
The liquidity of physical gold may also be lower than that of gold-linked financial products, as selling bars or coins may involve more friction and potential transaction fees. So, it's important to keep those factors in mind when making a decision.Learn more about the gold investing options available to you here.Why gold stocks could make more sense todayIf you're more interested in the potential for capital appreciation, gold stocks may offer a more compelling option right now.
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