So, why should you consider long gold? Here are a few compelling reasons:
1. Hedge against economic uncertainty: Gold has historically acted as a hedge during economic turbulence. The recent weaker US data makes it a perfect time to protect your portfolio from potential market volatility.
2. Diversify your investments: Adding gold to your portfolio can help diversify your holdings and reduce risk. As the saying goes, don't put all your eggs in one basket. Expanding your investment options with gold can provide stability and balance.
3. Potential for attractive returns: The recent surge in gold prices indicates a promising upward trend. You could reap attractive returns by seizing this opportunity to gold in the coming months.
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