The gold price is supported by uncertainty about the global economy against the backdrop of escalating geopolitical tensions and the market's expectation that the Fed will cut interest rates in 2024.

From traditional physical bullion to innovative digital assets and intricate derivatives, the world of gold investment offers a wide range of options, each with its own set of opportunities and pitfalls. In this article, we will explore different types of gold you must know before investing in gold and offer suggestions about developing a comprehensive gold investment plan.

We introduce 5 popular ways to invest in gold. Traditional investors usually prefer investing in physical assets like gold coins, bars, or bullion. Experienced investors prefer a more liquid and low-cost way to invest, like mutual funds and exchange-traded funds that invest in the shares of mining companies. Advanced investors may trade gold futures or CFDs.