No response returned

The price of gold is poised to break another record. That seems to be the takeaway this week as the hovers around the , after hitting that new high as recently as April. Now, thanks to a combination of rising inflation, interest rates and broader geopolitical tensions, the price could hit another new record, perhaps as soon as this week. For a metal that was priced at the end of 2023, investors could now see it surge as high as .

But whether you're a just getting started in the precious metals market, or a veteran who has already incorporated gold into their portfolio, some strategic moves could be worth making, before the inevitable next price surge. Below, we'll break down three that each investor type should consider making now.

.

Not yet a gold investor? Here's what to consider doing before the price breaks a new record:

.

The above list is a good starting point for beginners and veterans ahead of a potential gold price spike, but it's not exhaustive. There could be other moves to make (or avoid) depending on your budget, portfolio and retirement plans. So, review these items carefully but consider also speaking with a financial advisor or gold company who can offer more personalized guidance. But do so soon, before the price of gold becomes too costly to strategize around.