In another of year-ending stories, gold has seen the biggest monthly advance since August 2017

Gold prices surge

? Cool Title, but what’s the news?

Gold is rallying into the end of 2018 as turmoil in global equities, the partial U.S. government shutdown and concerns about the outlook for next year stoke demand.

? Okay, but what does it mean?

The yellow metal is on course for its biggest monthly advance, since August 2017, as a number of global factors contributed in lifting the gold prices. At a time when the stock market has performed poorly, gold has once again proven to be a must-have for the long-term investment strategy of investors.

? Why should I care?

For investors who have not been happy with the performance of the stocks in their portfolio, this surge in gold price should come as much relief. This could also be a time for people to cash-in some or all of their gold investment in their portfolios but before that, do consult your fund managers for the same. Do your own due diligence and read as much as possible, before making any decision.

Source: Livemint

Written by

Anand Vatsya