Are you interested in investing in gold this June? Here are three smart moves to make.
Gold is an attractive commodity that you may be considering for your investment portfolio this June. Not only is the precious metal a staple in the jewelry industry, it has multiple other uses. But, for many investors, the real value of gold is its ability to bring stability to a portfolio. And, it's becoming even more attractive against a backdrop of persistent inflation and geopolitical risk. But, you shouldn't blindly invest in any asset.
And, at the moment, these risks are present. The April inflation rate was 3.4%, significantly higher than the Federal Reserve's 2% target. At the same time, geopolitical unrest continues abroad. Not to mention, this is a U.S. presidential election year, which can affect markets and the broader economy. With these risks in mind, adding gold to your portfolio this June can help maintain the value of the assets you've set aside for later in life.
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