The price of gold is about to surge yet again. Here's what beginner (and veteran) investors should do before then.

Gold prices rose on Wednesday, helped by cooler-than-expected U.S. inflation numbers, strengthening investor expectations that the Federal Reserve would start cutting interest rates by September.

Gold prices jumped on Thursday as President Donald Trump's tariff pledge boosted the appeal of safe havens and investors bet that steady inflation will enable the Federal Reserve to cut interest rates later this year.

Conditions are right for another gold price surge, perhaps to a new record high. Here's what to consider right now.

Gold has a well-burnished reputation as an inflation hedge, and gold aficionados often point to gold’s ability to hold its value over time. In a well-worn piece of investment folklore, it’s often said that one ounce of gold should roughly translate into the price of a high-quality men’s suit,

Gold price nears breakout at $3403.63 as softer inflation data and Fed rate cut bets boost bullish sentiment in the gold market.

If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and consumers. That could lead to businesses to cut jobs, particularly in the high-growth tech sector, and force Americans to pull back on spending, which drives more than 70% of economic activity in the U.S.