Investments in Gold as a safe-haven asset rises in US

Gold investing has skyrocketed this year as more people look for ways to protect their investments from economic uncertainty. At the beginning of the year, the price of gold was $2,063.73 per ounce, but according to American Hartford Gold, it’s currently trading at $2,627.01.

However, this high level of interest in gold causes people to overlook other precious metals like platinum and palladium. Though less popular than gold and silver, platinum and palladium could be a good way to diversify your portfolio.

Palladium and platinum both have industrial uses and are used in jewelry as well. Both platinum and palladium are extremely rare assets — both are about 30 times rarer than gold, which makes both the precious metals high-value assets. Platinum and palladium are also more affordable when compared to the price of gold today. The price of platinum is currently $941.90 per ounce, while the price of palladium is $955.50 per ounce. There is strong demand for Palladium and platinum as they are more closely tied to industrial demand than gold.