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Reuters
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Freedom Finance analyst Valery Yemelyanov says now is the time to buy gold after its recent market decline.
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The analyst said: “For those who are considering buying gold in their portfolio, now is the best time. The price of an ounce of gold is currently 15% lower than the peak recorded in 2020.”
Yemelyanov advised to increase the precious metal’s share in the investment portfolio over the next two years, indicating that the yellow metal will remain in demand in the coming period as a safe haven.
According to Bloomberg data, the price of an ounce of gold has fallen 8% year-to-date, with the price of an ounce in spot contracts falling from $ 1,895.10 an ounce to $ 1,741.50 per ounce.
Source: Novosti + Bloomberg
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