Gold Soars to Record High of $3,500: Is It Too Late to Invest?

The gold spot price has surged past its historical high, reaching a record-breaking $3,500. This unprecedented rise has sparked debate among investors and analysts, with some seeing it as an opportunity for investment while others ponder if this is the time to jump in. Global economic uncertainty, geopolitical tensions, and persistent inflation are key factors driving gold’s ascent, positioning it as a safe haven asset during times of market volatility. The yellow metal benefits from these conditions by providing a hedge against inflation and offering investors a chance for portfolio diversification.