Gold prices saw a notable decline this week, but experts say that those focusing on the drop are missing the forest for the trees.
The price of gold fell to under $4,100 per troy ounce during the recent selloff . By Wednesday evening, it had bounced back a bit and was trading at j ust over $4,100. At some points on Wednesday, it was over 4% lower than five days ago.
Recommended Stories
Illinois treasurer promises to pass nonprofit legislation vetoed by Pritzker
National debt crosses $38 trillion for first time in history
Government shutdown will add to the federal debt
Gold is seen as a safe-haven asset and typically does well in times of upheaval. Investors might invest in gold if they are concerned about geopolitical or economic risks. And for months, investors have been buyi