Amidst a backdrop of high inflation and the subsequent high interest rates meant to temper it, many investors decided to buy gold. That uptick in demand for gold investment helped contribute to a run-up in the metal's price, with gold reaching a record high of over $2,350 per ounce as of April 10.
When gold's value is too far out of sync with other precious metalsWhile gold's value doesn't exactly track that of other precious metals, like silver, there's often a correlation between them. And if things get too out of sync, that might prompt you to consider selling gold.
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