The price of gold has surpassed yet another price record. Here's why you shouldn't wait any longer to get invested.

Year to date, gold is up 29.71% as of 9 a.m. ET. The 52-week intraday high reached $2,688.81 on Oct. 17, 2024, and the 52-week intraday low dropped to $1,911.85 on Oct. 17, 2023.

If you want to wait for gold prices to fall to invest, you first need to be sure that's something that will happen. While there's a chance they will, it's just not guaranteed — especially with the many economic and geopolitical factors (plus a presidential election) currently at work. That means waiting could come with quite the opportunity cost.

The price of gold traded at $2,681.81 per troy ounce, as of 9 a.m. ET. That’s up 1.26% from yesterday’s gold price per ounce and up 29.79% since the beginning of the year. The lowest trading price within the last 24 hours: $2,646.14 per ounce. The highest gold spot price in the last 24 hours: $2,685.27 per ounce.

Gold prices hit record highs on Thursday as uncertainty surrounding the U.S. presidential elections and the war in the Middle East prompted investors to seek out the safe-haven asset, while easing monetary policy environment kept prices elevated.

Gold topped $2,700 an ounce for the first time, as concerns over escalating conflicts in the Middle East and a tight US election race prompt investors to flock to safety. Bullion climbed as much as 0.

The price of gold has surged so far in 2024. But will it hit the $3,000 mark this year? Here's what some experts think.

Silver traded at $31.68 per ounce as of 9 a.m. ET. That represents a decrease of 0.75% over the past 24 hours. Year to date, silver is up 32.42%. On the last day, it has reached a low of $31.37 and a high of $32.

Gold hits record high at $2,696.62 amid global uncertainty. Geopolitical tensions, U.S. election, and Fed easing fuel surge. Investors flock to gold as safe haven.