While gold climbs to record highs, Wall Street analysts say it has even further to go

KEY POINTS Gold is climbing to record highs, with the April gold contract closing above $2,100 per ounce for the first time. Citi analysts describe themselves as “medium-term bullion bulls” and view gold as a “hedge against recession” in developed markets. Recent moves have been attributed to stronger market expectations of a rate cut in June by the Federal Reserve. … Read More

How to invest/trade in gold:

Physical gold: purchasing physical gold in the form of jewelry, coins, or bars provides direct exposure to the metal, but involves considerations such as secure storage, insurance, and higher transaction costs. Gold ETFs/ETCs: exchange-traded funds or commodities offer a convenient way to invest in gold without holding physical metal. These products closely track gold prices and can be easily traded … Read More

Central banks increase gold reserves to diversify away from the dollar

Central banks worldwide are likely accumulating gold as a strategy to diversify away from the dollar, in light of concerns over persistent U.S. fiscal deficits and inflationary pressures. Despite the stability of the dollar and rising real yields, gold prices have climbed to 50-year highs against most major currencies, driven not by ETFs or seasonal purchases, but by central bank … Read More