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Gold as an Asset Class

The price of gold has steadily risen over the decades. This underscores the attractiveness of gold investments as they tend to keep pace with inflation. Furthermore, investing in this precious metal is often seen as a means of preserving and safeguarding one’s wealth.

Gold has experienced a significant uptrend, surging by more than 8 per cent since the beginning of this month. This significant rise can largely be attributed to the escalation of geopolitical tensions associated with the Israeli-Palestinian conflict. This surge in gold prices comes after a relatively subdued performance of gold in the first nine months of the current year. Gold has a well-established reputation as a crisis hedge due to its unique characteristics.