Gold Prices Rise Amid Economic Uncertainty
Investors often turn to precious metals like gold and silver during times of uncertainty. This year, both were trading at record levels but then crashed sharply after Kevin Warsh's nomination for Fed chair was announced.
The prices have been rising again in recent weeks, with gold currently around $4,400 per ounce and silver at $66. The gold-silver ratio is now below 70, which could indicate room for gold to rise further if economic conditions worsen.
Tracking the price of gold through the SPDR Gold Shares fund can be an attractive option for investors concerned about market uncertainty. While the fund's price has been volatile, it can serve as a way to hedge against market uncertainty and diversify a portfolio.