Forbes on Nostr: Gold Price 8 February 2024 ========== The price of gold on February 8, 2024, was ...
Gold Price 8 February 2024
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The price of gold on February 8, 2024, was £1,608.59 per ounce, down 0.27% from the previous day. Compared to last week, the price is down 0.04%, but it is up 0.91% from one month ago. The 52-week high for gold is £1,631.65, and the 52-week low is £1,585.59. Investing in gold is considered a safe-haven asset and a way to diversify an investment portfolio. There are several ways to invest in gold, including buying physical gold in the form of bullion or coins, investing in gold mining or processing companies, or investing in gold funds. Gold is seen as a hedge against inflation over long periods of time. However, the price of gold can be volatile, and it does not produce income or yield. It is important to consider storage costs when buying physical gold. Digital gold, which allows investors to buy fractions of physical gold, is another option. The price of gold is determined by supply and demand, and it is set by the London Bullion Market Association. Gold can be a profitable investment, but its price is dependent on various factors and can fluctuate. Gold is often seen as a safe haven during times of economic and geopolitical volatility. It is also considered a hedge against inflation. The value of gold can drop if there is a decrease in demand. The best form of gold for investment depends on individual preferences and goals. Options include buying physical gold in the form of bullion or coins, investing in digital gold, or investing indirectly through shares in gold mining or commodity funds. Forbes Advisor provides educational content and does not offer financial advice or recommend specific stocks or securities.
#GoldPrice #Investing #Safe-havenAsset #Diversification #InflationHedge
https://www.forbes.com/uk/advisor/investing/gold-price-08-02-24/
==========
The price of gold on February 8, 2024, was £1,608.59 per ounce, down 0.27% from the previous day. Compared to last week, the price is down 0.04%, but it is up 0.91% from one month ago. The 52-week high for gold is £1,631.65, and the 52-week low is £1,585.59. Investing in gold is considered a safe-haven asset and a way to diversify an investment portfolio. There are several ways to invest in gold, including buying physical gold in the form of bullion or coins, investing in gold mining or processing companies, or investing in gold funds. Gold is seen as a hedge against inflation over long periods of time. However, the price of gold can be volatile, and it does not produce income or yield. It is important to consider storage costs when buying physical gold. Digital gold, which allows investors to buy fractions of physical gold, is another option. The price of gold is determined by supply and demand, and it is set by the London Bullion Market Association. Gold can be a profitable investment, but its price is dependent on various factors and can fluctuate. Gold is often seen as a safe haven during times of economic and geopolitical volatility. It is also considered a hedge against inflation. The value of gold can drop if there is a decrease in demand. The best form of gold for investment depends on individual preferences and goals. Options include buying physical gold in the form of bullion or coins, investing in digital gold, or investing indirectly through shares in gold mining or commodity funds. Forbes Advisor provides educational content and does not offer financial advice or recommend specific stocks or securities.
#GoldPrice #Investing #Safe-havenAsset #Diversification #InflationHedge
https://www.forbes.com/uk/advisor/investing/gold-price-08-02-24/