Gold prices are smashing record highs but it’s still a risky bet — ‘You’re not sending gold to buy your Domino’s pizza,’ finance expert warns

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Gold prices are smashing record highs but it’s still a risky bet — ‘You’re not sending gold to buy your Domino’s pizza,’ finance expert warns - Fortune

Quick Summary:

Americans are increasingly pessimistic about the economy and expect inflation to rise, the Michigan consumer sentiment survey revealed.

Haworth is somewhat skeptical of the metal’s long-term prospects, but he noted inflation expectations in the Michigan survey spiked to 4.9%, up from 4.3% in February and the highest reading since November 2022.

Gold isn’t as liquid as it’s often made out to be, Rob Haworth, a senior investment strategist at U.S.