With all the world turmoil, high inflation, war in Ukraine, China rattling their saber, gold has gone up in price. Trading Economics tracks gold prices for the last 12 months.
Less than a year ago, gold was just under $1,700/oz. It recently hit $2,050/oz. and was knocked down $60/oz. the following day.
Remember the old saying, there is never a bad time to take a profit. Is it time to sell and take profits, or hang on?
The FIRM answer is – “it depends!”
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