Gold prices are near a record high. Here's why experts say it's worth investing in anyway.

There are a few compelling reasons to add some gold to your portfolio now, despite today's high price tag. SimpleImages/Getty Images

Inflation has sent the costs of many goods and services upward in recent years. It's also had a hand in a surging gold interest, which has sent the price of the precious metal soaring.

Since 2023, gold prices have hit record levels several times . And today, the spot price of gold sits at over $3,600 per ounce, which equates to an increase of about $1,600 compared to just two years ago.

With gold prices so high, many investors may be hesitant to invest in the precious metal. Has it hit its peak, after all? And is buying right now too risky? Here's why experts say you may still want to add some to your portfolio, despite today's high price tag.

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