Is It Time to Invest in Gold?
Gold, which did little except glitter for most of the past five years, has seen price gains this year that rival Standard & Poor's 500-stock index. Gold began the year at $1,279 an ounce, and it is currently trading at $1,498, a 17.1% gain. The S&P 500 is up just a shade more. (Returns and other data are through August 9.)
Gold is trading at its highest price since April 2013. The price could continue to rise if stock market volatility and global growth concerns persist, says Wells Fargo strategist John LaForge. Or it might need to rest before rising again. Nonetheless, says Joe Foster, portfolio manager at the VanEck funds, "If a recession is on the horizon, then gold could hit new highs."
If you're thinking of chasing the rally in gold,
