Will gold's price fall in May? What to consider now [CBS News]
Costco Wholesale Corporation (COST)
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Source: CBS News
and remain steady in value , the precious metal has been relied on for decades by investors. And in today's unique economic climate, in which inflation is sticky and interest rates are high, it's been particularly advantageous to invest in the metal. Investing in gold actually hit an 11-year high last September in light of these developments. The price of gold has also surged in recent months, breaking numerous price records since March 1 , when it was $2,082.55 per ounce. It's now selling for $2,316.06 per ounce, or more than 11% percent higher, in barely 60 days. But with interest rates held steady by the Federal Reserve on May 1 and another inflation report expected to be released on May 15 , economic factors could affect gold's price this month. So, those expecting the price to drop — and an opportunity to invest to arise — should start by considering the likelihood of gold's price falling this May. See how much a top gold investment could cost you here now Will gold's pric
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