Gold just hit an all-time high—here’s why it matters

From fastcompany.com

Precious metal investors who hold gold assets are having a good day today. The king of precious metals, gold, has broken through an all-time high and is currently trading at over $3,551 per ounce as of the time of this writing. The milestone highlights a terrific year for gold so far. Here’s what you need to know and why gold just hit an all-time high. What’s happened? The price of one ounce of gold hit an all-time high on Tuesday. One ounce of the precious metal passed $3,551 this morning, a new record. Gold’s rise post Labor Day is just the latest bit of good news for investors in the precious metal this ... (full story)