The price of gold climbed to a new record high of $4,000 per ounce on Tuesday. Nora Carol Photography/Getty Images

The moment gold investors eagerly anticipated finally came to fruition on Tuesday when the price of the precious metal rose past $4,000 per ounce, a record high.

That came on the heels of numerous price records already broken over the past two years, with gold just surpassing the $3,000 per ounce mark in March. For comparison, the price of the yellow metal was only $2,063.73 per ounce in January 2024 , making the price on Tuesday almost 94% higher.

While that surge is a boost for investors who got started with gold at an earlier point, it can be discouraging for those who have yet to protect their portfolio with the precious metal. Still, with the price only

See Full Page