When the latest inflation report was released this week, it offered good news for many Americans. After ticking back up unexpectedly in early 2024, inflation cooled again in June, falling to 3.0%, a drop of about 0.1% from the month prior. This is the third consecutive month-over-month drop and the fastest inflation has fallen since June 2023.
So, by investing in gold now, you're likely to see the value of your gold remain stable and increase over the long term. Gold can also serve as a hedge against currency devaluation, which can remain a concern even as inflation falls.Plus, global economic challenges are still a real issue in today's economic environment, despite today's improving inflation figures — making gold, and, in turn, 1-ounce gold bars, a smart bet.