Gold price nears $2,000: Should you invest now? – ZAWYA

SectorOil & Gas
CountryUnited Arab Emirates

Gold price nears $2,000: Should you invest now? Analysts cite reasons why more investors would prefer to buy now    Gold bars and coins are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, August 14, 2019. Investors prefer to buy stocks, property and other assets at a low price to maximise returns. However, when it comes to gold, the ‘buy low’ strategy doesn’t seem to be always the case.According to analysts, more investors will continue to buy into gold, which is now nearly $300 pricier per ounce compared to a year ago. This is because the metal hasn’t shown signs of peaking yet, and prices are more likely to keep going up until it becomes clear that the economy is on more...