Earlier this week, spot gold prices touched a record high of $2,481 per ounce. Gold is a precious metal that is arguably the oldest currency in the world. Viewed as a store of value and a hedge against inflation, the yellow metal has generated significant wealth for long-term investors. Should You Invest in Gold Right Now?Gold (GCQ24) provides investors with portfolio diversification and reduces overall risk. Typically, gold thrives amid periods of economic downturns, since it’s viewed as a safe-haven asset. Moreover, gold has an inverse relationship with interest rates, which makes it all the…