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Gold prices hit a new record high. Here are 5 reasons why investors are buying in.

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Investors are flocking to gold and driving up the price right now — and there are many good reasons for it.

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There has been a lot of interest in gold investing recently — and for good reason. Not only is inflation impacting the value of the dollar, but other economic challenges, like market volatility and high rates, are causing economic uncertainties. And, during periods of economic tumult, investors tend to seek out safe investments, like gold, to add to their portfolios. 

It’s not just the uncertain economy that’s driving the interest in gold, either. The recent gold price trends have, too. For example, after days of steady price growth, the spot price of gold hit a new high this week, climbing to $2,160 per troy ounce. That’s up 8% from the previous record high of $2,135 in December 2023. 

But why exactly are investors buying in right now? Below, we’ll break down what you should know about why gold prices hit a new record high this week.

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Why investors are buying gold now

There are a few reasons investors are adding gold to their portfolios right now. These include:

For portfolio diversification

As market dynamics evolve, savvy investors tend to recognize the importance of portfolio diversification to mitigate risks. And, by adding safer assets to your portfolio, you can help balance the risk from more volatile investments, like stocks.

That’s part of gold’s allure — it tends to move conversely to the stock market, so it’s a great way to diversify your portfolio. And, the recent surge in gold prices signals that there’s a renewed appreciation for its role as a non-correlated asset. 

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To get a reliable store of wealth

Right now, many uncertainties are impacting the economy, which may also be playing a role in the uptick in interest in gold. That’s because gold has historically been recognized as a reliable store of wealth, meaning that when traditional currency loses value or fluctuates, gold’s value tends to stand strong or increase. 

In turn, gold is a go-to choice for people who are looking to protect their wealth when the financial world gets chaotic. And, given that we’re facing numerous challenges in today’s economic climate, it makes sense that some investors are now adding this precious metal to their portfolios to gain a reliable store of wealth.

To help hedge against inflation

While today’s inflation rate is a lot lower than it was at its peak in mid-2022, we’re still being impacted by it. The most recent inflation report, issued in January, showed that the inflation rate is at 3.1%, which is still higher than the Federal Reserve’s target goal of 2% — and that may also be helping to drive the uptick in gold prices. 

That’s because gold can act as a natural hedge against the eroding effects of rising prices due to inflation. Unlike traditional paper currencies, which may lose value over time during periods of high inflation, gold’s scarcity and historical role as a store of value help it retain or grow in value during inflationary periods. 

And investors who are wary of the potential impact of inflation on their purchasing power tend to turn to gold as a safeguard to maintain the value of their assets. So with persistent inflation issues still impacting today’s economy, it’s likely that some of the recent gold price growth is due to investors buying in to hedge against inflation.

To protect against losses from geopolitical uncertainty

Geopolitical tensions are currently impacting the global economy, which may also be helping to push the price of gold higher. When there’s uncertainty due to conflicts between countries or major political issues, investors tend to flock to gold due to its safe haven qualities. In other words, gold becomes a secure retreat for investors during periods of geopolitical uncertainty, as it works as a tangible and universally accepted form of wealth — and the increased demand during these periods helps to push the price up.

For gold’s many other benefits

Apart from its role in portfolio diversification, wealth preservation and hedging against inflation and geopolitical risk, gold possesses unique qualities that make it a standout asset. For example, its intrinsic value, durability and lack of reliance on third-party obligations contribute to its timeless appeal. And, gold is not subject to the same risks as other investments, such as default or bankruptcy, making it a tangible and secure asset in uncertain times.

The bottom line

The recent surge in gold prices is likely due to a few different factors — from investors seeking diversification, wealth preservation or protection against inflation and geopolitical risks to investors simply finding solace in the simplicity and stability offered by gold. And, gold isn’t just valuable in today’s unusual economic climate; its uses can endure well beyond periods of uncertainty. So, if you haven’t added gold to your portfolio yet, it could be worth considering right now to take advantage of the many unique benefits it offers.



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In praise of Seattle-style teriyaki

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In praise of Seattle-style teriyaki – CBS News


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Seattle has more teriyaki shops per capita than any other metropolis in America. Correspondent Luke Burbank talks with the man whose 1976 restaurant, Toshi’s Teriyaki Grill, began it all.

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Gazan chefs cook up hope and humanity for online audience

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Renad Atallah is an unlikely internet sensation: a 10-year-old chef, with a repertoire of simple recipes, cooking in war-torn Gaza. She has nearly a million followers on Instagram, who’ve witnessed her delight as she unpacks parcels of food aid.

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Ten-year-old Renad Atallah posts videos of herself cooking in war-torn Gaza.

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We interviewed Renad via satellite, though we were just 50 miles away, in Tel Aviv. [Israel doesn’t allow outside journalists into Gaza, except on brief trips with the country’s military.]

“There are a lot of dishes I’d like to cook, but the ingredients aren’t available in the market,” Renad told us. “Milk used to be easy to buy, but now it’s become very expensive.”

I asked, “How does it feel when so many people like your internet videos?”

“All the comments were positive,” she said. “When I’m feeling tired or sad and I want something to cheer me up, I read the comments.”

We sent a local camera crew to Renad’s home as she made Ful, a traditional Middle Eastern bean stew. Her older sister Noorhan says they never expected the videos to go viral. “Amazing food,” Noorhan said, who added that her sibling made her “very surprised!”

After more than a year of war, the Gaza Strip lies in ruins. Nearly everyone has been displaced from their homes. The United Nations says close to two million people are experiencing critical levels of hunger.

Hamada Shaqoura is another chef showing the outside world how Gazans are getting by, relying on food from aid packages, and cooking with a single gas burner in a tent.

Shaqoura also volunteers with the charity Watermelon Relief, which makes sweet treats for Gaza’s children.

In his videos online, Shaqoura always appears very serious. Asked why, he replied, “The situation does not call for smiling. What you see on screen will never show you how hard life is here.”

Before dawn one recent morning in Israel, we watched the UN’s World Food Program load nearly two dozen trucks with flour, headed across the border. The problem is not a lack of food; the problem is getting the food into the Gaza Strip, and into the hands of those who desperately need it.

The UN has repeatedly accused Israel of obstructing aid deliveries to Gaza. Israel’s government denies that, and claims that Hamas is hijacking aid.

“For all the actors that are on the ground, let the humanitarians do their work,” said Antoine Renard, the World Food Program’s director in the Palestinian territories.

I asked, “Some people might see these two chefs and think, well, they’re cooking, they have food.”  

“They have food, but they don’t have the right food; they’re trying to accommodate with anything that they can find,” Renard said.

Even in our darkest hour, food can bring comfort. But for many in Gaza, there’s only the anxiety of not knowing where they’ll find their next meal.

      
For more info:

       
Story produced by Mikaela Bufano. Editor: Carol Ross. 

      
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“Sunday Morning” 2024 “Food Issue” recipe index
Delicious menu suggestions from top chefs, cookbook authors, food writers, restaurateurs, and the editors of Food & Wine magazine.  



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A study to devise nutritional guidance just for you

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It’s been said the best meals come from the heart, not from a recipe book. But at this USDA kitchen, there’s no pinch of this, dash of that, no dollops or smidgens of anything. Here, nutritionists in white coats painstakingly measure every single ingredient, down to the tenth of a gram.

Sheryn Stover is expected to eat every crumb of her pizza; any tiny morsels she does miss go back to the kitchen, where they’re scrutinized like evidence of some dietary crime.

Stover (or participant #8180, as she’s known) is one of some 10,000 volunteers enrolled in a $170 million nutrition study run by the National Institutes of Health. “At 78, not many people get to do studies that are going to affect a great amount of people, and I thought this was a great opportunity to do that,” she said.

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Sheryn Stover participates in the Nutrition for Precision Health Study, to help tailor dietary recommendations according to an individual’s genes, culture and environment.

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It’s called the Nutrition for Precision Health Study. “When I tell people about the study, the reaction usually is, ‘Oh, that’s so cool, can I do it?'” said coordinator Holly Nicastro.

She explained just what “precise” precisely means: “Precision nutrition means tailoring nutrition or dietary guidance to the individual.”

The government has long offered guidelines to help us eat better. In the 1940s we had the “Basic 7.” In the ’50s, the “Basic 4.” We’ve had the “Food Wheel,” the “Food Pyramid,” and currently, “My Plate.”

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They’re all well-intentioned, except they’re all based on averages – what works best for most people, most of the time. But according to Nicastro, there is no one best way to eat. “We know from virtually every nutrition study ever conducted, we have inner individual variability,” she said. “That means we have some people that are going to respond, and some people that aren’t. There’s no one-size-fits-all.”

The study’s participants, like Stover, are all being drawn from another NIH study program called All Of Us, a massive undertaking to create a database of at least a million people who are volunteering everything from their electronic health records to their DNA.  It was from that All of Us research that Stover discovered she has the gene that makes some foods taste bitter, which could explain why she ate more of one kind of food than another.

Professor Sai Das, who oversees the study at Tufts University, says the goal of precision nutrition is to drill down even deeper into those individual differences. “We’re moving away from just saying everybody go do this, to being able to say, ‘Okay, if you have X, Y and Z characteristics, then you’re more likely to respond to a diet, and somebody else that has A, B and C characteristics will be responding to the diet differently,'” Das said.

It’s a big commitment for Stover, who is one of 150 people being paid to live at a handful of test sites around the country for six weeks – two weeks at a time. It’s so precise she can’t even go for a walk without a dietary chaperone. “Well, you could stop and buy candy … God forbid, you can’t do that!” she laughed.

While she’s here, everything from her resting metabolic rate, her body fat percentage, her bone mineral content, even the microbes in her gut (digested by a machine that essentially is a smart toilet paper reading device) are being analyzed for how hers may differ from someone else’s. 

Nicastro said, “We really think that what’s going on in your poop is going to tell us a lot of information about your health and how you respond to food.”  

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Microbiome analysis – studying microbes and genetic material found in the stool samples of program participants – is one of the components of the Nutrition for Precision Health Study. 

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Stover says she doesn’t mind, except for the odd sounds the machine makes. While she is a live-in participant, thousands of others are participating from their homes, where electronic wearables track all kinds of health data, including special glasses that record everything they eat, activated when someone starts chewing. Artificial intelligence can then be used to determine not only which foods the person is eating, but how many calories are consumed.

This study is expected to be wrapped up by 2027, and because of it, we may indeed know not only to eat more fruits and vegetables, but what combination of foods is really best for us.  The question that even Holly Nicastro can’t answer is, will we listen? “You can lead a horse to water; you can’t make them drink,” she said. “We can tailor the interventions all day. But one hypothesis I have is that if the guidance is tailored to the individual, it’s going to make that individual more likely to follow it, because this is for me, this was designed for me.”

      
For more info:

     
Story produced by Mark Hudspeth. Editor: Ed Givnish. 


“Sunday Morning” 2024 “Food Issue” recipe index
Delicious menu suggestions from top chefs, cookbook authors, food writers, restaurateurs, and the editors of Food & Wine magazine.



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