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.

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.

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.

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.

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.

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.

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.

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.