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CBS News
3 days ago
- Business
- CBS News
Will the price of gold hit a new high this June?
The price of gold has been consistently rising and could continue to do so this June. Getty Images/iStockphoto The price of gold has seemingly been on an endless rise, the latest price record coming in recent weeks when it surpassed $3,400 per ounce. While that new price record was remarkable in itself, what has been equally impressive is the extended price surge gold has experienced since early 2024. Priced at just $2,063.73 in January 2024, the price of gold per ounce as of May 28, 2025, is $3,300.77 for the same amount, according to American Hartford Gold, constituting a near 60% rise in under 18 months. Ahead of a new month, then, and with opportunities to buy in during small gold price dips rare, many prospective investors may be wondering about the potential for gold's price to rise again soon. Specifically, will the price of gold hit a new high this June? If recent history is a reliable indicator, it may. Below, we'll detail why it could rise again (and how investors can still get started without having to pay today's top price). Invest in gold before the price rises again here. Will the price of gold hit a new high this June? There are multiple reasons why gold's price could rise again this June. Here are three to know: Inflation progress could slow Inflation declined in February, March and April, after rising in the four prior months, but that progress could slow in May, should broader economic trends continue. Concerns over economic policies, tariffs and trade deals could cause everyday prices to rise – and inflation to spike again. If that happens, gold prices could rise too, as investors tend to turn to the yellow metal for protection against inflation as the purchasing power of the dollar erodes. So if you're considering the metal for that reason or just as a broader portfolio diversification tool, you may want to act aggressively before the May inflation reading is released by the Bureau of Labor Statistics on June 11. Explore your current gold investing options now. Interest rates are likely to remain frozen After the Federal Reserve issued three rate cuts in the final months of 2024, borrowers (and savers) expected more in 2025. But rates have remained frozen in the first five months of 2025 as the central bank gauges its progress against inflation and other economic concerns. Now, the CME Group's FedWatch tool has a rate pause for the Fed's June meeting listed at a 97.9% certainty. Traditionally, a rise in rates causes gold prices to increase while a cut results in them dropping. A pause, however, could keep them high. But if comments made by the central bank after that meeting indicate higher rates for longer, gold prices could tick up in response. Geopolitical tensions could rise Geopolitical tensions have been high in recent years and remain one of the key reasons why gold has surged in price. But they have not changed dramatically in recent months, either, and any negative development here could easily lead to an investor surge in safe-haven assets like gold. And that could cause the price to spike yet again, potentially close to the $4,000 mark, depending on the severity of the circumstances. While this may feel like conjecture, a quick review of gold prices in response to recent world affairs demonstrates that this is more likely than some investors may prefer. How to invest in gold with the price high While today's gold price is exorbitant, prospective investors can still get started with fractional gold, which allows them to invest in the precious metal in an amount smaller than the traditional 1-ounce. Dollar-cost averaging, in which you invest a select amount of money in gold in routine intervals, regardless of the price, could also help you get invested with limited funds. And gold-exchange traded funds (ETFs), traded on stock exchanges in amounts of a fraction of an ounce, could also allow you to benefit from the features a gold investment offers without being burdened by today's top price. Investing cost-effectively in today's gold price climate, however, will require strategy and patience, perhaps more so than when the cost of the metal was closer to the $2,000 mark. The bottom line Predicting the price of any asset is inherently difficult to do with precision but especially so with gold, which has broken numerous price records in recent years. But if inflation progress slows, interest rates remain high and geopolitical concerns remain prevalent or even if one or two of those factors remain prominent in June then, yes, gold prices could rise to yet another new high in the month. Understanding this reality, prospective investors may want to be proactive and get invested now, while the price is comparably low. Just remember to keep your gold investment limited to 10% of your overall portfolio to avoid crowing out other, income-producing assets at the same time.
Yahoo
14-05-2025
- Business
- Yahoo
American Hartford Gold Unveils Exclusive 2025 Silver Britannia SS Tilawa Coin
A Historic Treasure Minted from the Legendary SS Tilawa Shipwreck Silver, Now Available for Collectors and Investors LOS ANGELES, May 14, 2025 /PRNewswire/ -- American Hartford Gold, the nation's largest precious metals retailer, proudly announces the release of the exclusive 2025 Silver Britannia SS Tilawa Coin, a remarkable treasure minted from historic silver bars recovered from the SS Tilawa shipwreck. The SS Tilawa, a British India Steam Navigation Company ocean liner, was torpedoed by a Japanese submarine on November 23, 1942, in the Indian Ocean. Known as the "Indian Titanic," the tragic sinking led to the loss of 280 lives and sent 60 tons of silver bullion to the ocean floor. Decades later, in 2017, a remarkable salvage operation brought the precious cargo back to the surface, igniting global fascination and preserving a piece of history. Now, over 80 years since its fateful voyage, this storied silver has been transformed into five-ounce .999 fine Silver Britannia coins by The Royal Mint. Each 2025 Silver Britannia coin features a unique SS Tilawa privy mark, a ship's anchor flanked by the year 1942, above the words "SS TILAWA," all enclosed within a circle. These are the only Silver Britannias ever minted with this historic mark, making them a true collector's item. "We are thrilled to offer our clients the opportunity to own a tangible piece of history," said Sanford Mann, CEO of American Hartford Gold. "The 2025 Silver Britannia SS Tilawa Coin is more than an investment in silver; it's a legacy minted from the depths of history." With only a limited number of coins struck, collectors and investors are urged to secure their piece of maritime history before they are gone. Each coin is individually encapsulated for preservation, and they are available in boxes of 30 coins, totaling 150 troy ounces of pure silver. "American Hartford Gold is committed to providing our clients with unique opportunities that go beyond traditional precious metals," added Max Baecker, President of American Hartford Gold. "The SS Tilawa silver coins are a testament to both historical resilience and modern craftsmanship." To learn more about the exclusive 2025 Silver Britannia SS Tilawa Coin or to secure your collection, contact American Hartford Gold at 866-342-2257 or visit About American Hartford Gold: American Hartford Gold (AHG) is the nation's largest retailer of gold and silver. AHG has made multiple high-ranking appearances on the prestigious Inc. 5000's List of America's Fastest-Growing Private Companies. They hold an A+ Rating from the BBB and a 5-Star Rating on Trustpilot from thousands of reviews. AHG offers investment-grade gold and silver coins and bars at competitive prices. Their clients also benefit from their buy-back commitment with no back-end fees. American Hartford Gold is the only precious metals company trusted and recommended by Bill O'Reilly. Media Contact:Hovik Bakhrdzhyan, American Hartford Gold, (424) 387-4130, hovik@ View original content to download multimedia: SOURCE American Hartford Gold Group
