Gold prices rose throughout 2024, reaching a record high of $2,790 per ounce in October before cooling in November. Despite this slight pullback, financial experts continue to recommend physical gold as a strategic investment.Physical gold has long attracted investors for its tangible value. 'When fiat currencies lose value, precious metals often retain their worth, providing a store of wealth for investors,' explains Daniel Boston, founder of Preserve Gold.
It has a strong demand from central banks'With central banks worldwide continuing to accumulate gold, the demand remains strong,' says Boston. 'This trend, combined with limited supply due to mining constraints, can drive prices higher over time.'Among central banks, the U.S. holds the largest gold reserves. ' approximately 8,133.46 metric tons,' highlights Ronen Cojocaru, personal financial consultant and CEO of 8081.io.