Gold futures prices advanced to $2,044 per ounce as China’s central bank reported an increase in its gold reserves for the ninth straight month, a factor often interpreted as long-term bullish for the bullion market. Analysts at JPMorgan recently raised their end-of-year bitcoin price target to $165,000, arguing that bitcoin will continue to catch up to gold’s price run this year as investors play the dollar “debasement trade.” There are many popular ways to invest in gold. The first is through purchasing gold bullion products such as bullion bars, bullion coins and rounds. Physical gold is sold on the spot market, meaning that buyers pay a specific price per ounce for the metal and then have it delivered or stored in a secure facility. In some parts of the world, such as India, buying gold in the form of jewelry is the largest and most traditional route to investing in gold. On the Comex, gold futures prices settled at $2,042, marking the fourth consecutive session in positive territory. Commodity strategists point to declining U.S. Treasury yields as a primary driver of this gradual upward trend.
