When Should You Buy Gold? | Insider Tips | Updated For 2024 (2024)

FAQs

When Should You Buy Gold? | Insider Tips | Updated For 2024? ›

A good time to invest into gold can be during economic downturns, high inflation and geopolitical unrest. In times of economic uncertainty or financial crisis, gold serves as a reliable hedge against inflation. Timing is about stacking the odds in your favour.

We expect spot gold to average around $2,500 – 2,560 per ounce in 2025, compared to the year-to-date average of $2,270 per ounce in 2024," Mathur said.

Prices have risen to an all-time high since inflation took off over recent years, and J.P. Morgan expects prices to continue to rise to an average of $2,500 per ounce by the end of 2024. Many experts agree this is a good time to diversify your portfolio with gold.

Gold broke through the important psychological level of US$2,000 per ounce in late 2023 on rising expectations that the US Federal Reserve would begin to reverse course on interest rates, and set multiple new all time highs in 2024.

As it turns out, there are certain months of the year in which gold throws off a better rate of return. I started researching and investing in the precious metals sector in 2001. It did not take long to figure out that gold's best seasonal rate of return is late August through January.

Gold's price forecast for Q1 2024 at Bloomberg Terminal is between $1,913.63-$2,224.22. Goldman Sachs commodity analysts expect the potential upside of the gold price to be closely tied to changes in US interest rates and dollar movements, leading them to raise the gold price target for 2024 to $2,050 an ounce.

Best Month of the Year to Buy Gold

Since 1975, the gold price has tended to drop the most in March. The daily chart above shows April might offer a slightly lower overall price, but history shows March is the month gold falls the most and is thus one of the best times to buy.

Analysts and experts give mixed forecasts for the XAUUSD rate in 2025–2030. However, many expect the price of the precious metal to continue rising over the next five years.

Investing in gold can often be a prudent choice for those seeking to diversify their portfolios, hedge against inflation, and protect their assets during economic uncertainty. Gold's enduring value and its role as a safe haven asset make it a compelling investment, particularly in volatile or unpredictable markets.

When to buy gold again? ›

Which month is best to buy gold? If you're eyeing the calendar, January, August, September, and December have historically been good months for buying gold. Prices tend to go up during these times, so you might catch a good deal.

For us, the best type of gold to buy is physical gold bullion. The precious metal has been loved for centuries as a safe haven in which to grow and store wealth and physical bullion best reflects these qualities today. Holding gold as a physical commodity is in many ways fundamental to its appeal.

Stocks have generally performed better than gold over the years, but there can be exceptions.

Gold prices are expected to hit $2,500/oz by the fourth quarter of 2024 and $2,600/oz by the end of 2025. The structural drivers that have helped gold's rally so far will still remain a critical bullish driving force going forward, with J.P. Morgan economists expecting a Fed cut to come in November.

However, if gold's growth rate continues its 21st-century trajectory, gold may hit $3,000 in the coming years, says Patrick Yip, senior director of business development at American Precious Metals Exchange, Inc. (APMEX). "Since the year 2000, gold has had a compound annual growth rate (CAGR) of 8.8%.

With a keen eye for economic trends and market cycles, Kiyosaki's forecasts offer valuable insights for precious metals investors. Kiyosaki presents a nuanced forecast for gold prices, predicting them to reach $3,700 in 2024 and $5,000 in 2025.

All signs point to gold remaining a good investment in 2024. This means it's a good time to both buy and sell gold. But as to what this means to you individually, it's always best to seek professional financial advice before taking action.

Gold prices are expected to hit $2,500/oz by the fourth quarter of 2024 and $2,600/oz by the end of 2025.

To get a good idea of gold's performance, you can look at its average performance since 1975, when it became legal for purchase again. Looking at its gains and losses, the best times to buy gold are at the start of the year, March, and late April. Gold prices typically surge as winter approaches.