Gold continues to be one of the best-performing assets in the last 12 months. The yellow metal is up about 29% in the last 12 months. And with both inflation and recession fears remaining front and center for investors, there’s reason to believe that gold may have more room to run.
Gold has its detractors as an investment. But if you look at it as a hedge against inflation, gold holds up pretty well. According to industry data, the price of gold has climbed an average of 9.7% in the last 25 years. Astute investors will point out that gold’s performance pales in comparison to the SPY ETF, which has about a 27% annual return over the same period.
