Gold's price performance has been nothing short of astounding in 2024. After starting the year at $2,063.73 per ounce, gold steadily climbed to over $2,700 by late October, fueled in large part by its reputation as a hedge against inflation and a safe haven during economic uncertainty. This surge also drew in opportunistic investors who were eager to capitalize on what seemed like an unstoppable rally for an asset that has historically been a long-term investment vehicle.
Compare your gold investing options online now.Gold's price has already started to recoverGold has a long history of regaining and surpassing its value after corrections, and over the last few days, the price of gold has headed back upward. The precious metal is now trading at over $2,650 per ounce — a clear sign of how resilient this asset is. So, if you're eyeing short-term gains, this could be one of the last opportunities to buy gold at a lower price before its value climbs further.