Gold Is Well Off the Record High It Hit in January. Is It Time to Buy the Dip?
The price of gold has retreated from its January high.
Gold Is Well Off the Record High It Hit in January. Is It Time to Buy the Dip?
Overview
Gold had an incredible 2025, rallying about 72% and setting multiple all-time highs. The last of those highs came in late January of this year, after the price of the precious metal surged past the $5,000 mark and came within a few dollars of $5,600.
But gold has lost some of its luster since then, and the price has retreated to under $4,400, a 22% decline. The question now is, should investors consider buying gold at this new, lower price?
Details
First, it's worth looking at what drove gold higher in recent years (it's been climbing since late 2022). Much of the increase in gold's price was due to central banks around the world stocking up on gold in order to diversify away from the dollar in the wake of Russia's 2022 invasion of Ukraine and the U.S.'s response of freezing Russia's foreign exchange reserves.
Source
Originally published at www.fool.com.
