Gold has been a standout investment in recent months, outperforming traditional assets such as stocks and bonds. The precious metal reached a historic peak of $2,758 per ounce in October 2024, marking an impressive 38% increase from just a year ago. Several factors drove this surge, including inflation, rising interest rates and global tensions that made investors seek safer options.Now, things are starting to shift as we close out 2024. Inflation is cooling down.
Consider selling your gold investment if you spot these opportunities and have already met your profit goals. Moving money into growth-focused investments could help your portfolio expand faster in favorable market conditions.When it makes sense to hold your gold investmentWhile market conditions might tempt some to sell, gold's unique benefits make a strong case for staying invested.