With inflation rising again, many investors should consider turning to gold.
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At the start of 2024, many Americans were optimistic that inflation was permanently cooling and relief would soon be on the horizon. Unfortunately, that hasn’t been the case in the first quarter of the year, with inflation reports in January, February and March disappointing for many. Now, after inflation increased in the last two months, many are wondering if interest rate cuts will come at all this year. But what should investors do amid this uncertainty?
Many have turned to gold. Investing in the precious metal hit an 11-year high last September. Due to the portfolio diversification it can offer and the traditional hedge against inflation it can act as, it’s understandable…