Survey Shows Financial Advisors Favor Increasing Gold Allocations as Prices Rise Gold prices are up nearly 14% this year and are approaching record highs. Despite ongoing geopolitical conflicts and expectations for a Federal Reserve rate cut, financial advisors still recommend adding gold to portfolios. According to the latest Gold Perceptions Survey by State Street Global Advisors and the World Gold Council, almost 30% of surveyed advisors plan to increase their gold allocation in the next 12 to 18 months, while nearly two-thirds will maintain their current levels. Less than 10% intend to reduce their gold exposure. Most advisors allocate between 1% and 4.9% of their assets to gold, primarily through physically backed gold ETFs. Gold is valued as a safe haven during turmoil and benefits from a weakening U.S. dollar when the Fed cuts rates. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Job Growth Surpasses Expectations with 272,000 New Jobs in May READ MORE 3,000-Year-Old Phoenician Gold Artifact Discovered in Jerusalem READ MORE Gold Nears Two-Month High Amid Anticipation of US Rate Cut READ MORE Why the Anticipated 2023 Recession Never Came READ MORE Emergency Efforts Underway to Rescue 13 Miners in Russian Gold Mine READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment