Because gold is part of the value of its long history, gold has traditionally been used by investors
to protect against stock fluctuations, currency fluctuations, and other market risks.
But as other asset classes, including cryptocurrencies,
have greatly appreciated and the price of gold has plummeted over the past year,
many investors are wondering if gold still deserves a place in their portfolios.
The recent low performance of gold has been affected by several factors,
including central bank operations, potential interest rate changes, and widespread inflation
all of which have eroded confidence in long-term secure port assets.
Is there an opportunity to buy gold now that the price of gold has lagged in recent months,or should investors stop buying precious metal?Here is what you need to know:
India’s influence in driving the growth of precious metal is growing, and China is the fastest growing market for gold in the world. According to the World Gold Council, gold buyers in China see the fall in gold prices as an opportunity to buy, which is another factor that supports the price of gold.
Should You Invest In Gold in 2022?
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