Gold approaching $3,000 an ounce is priced so far ahead of inflation that the yellow metal is unlikely to produce a positive real (inflation-adjusted) return in coming years. That’s the implication of research from Campbell Harvey,

If you've been watching from the sidelines, you may assume that today's rising gold prices mean you've missed the opportunity to invest in this precious metal. However, this might be the perfect time to add gold to your investment portfolio.

Gold prices surged to a record high on Thursday, as fears of a global trade war sparked by U.S. President Donald Trump's tariff threats fueled safe-haven demand for the precious metal.

India's retail demand for gold jewellery has been hit by the surge in gold prices to record highs since the beginning of the year, WGC said.

Gold soared toward the $3,000 mark on Thursday, reaching an intraday high of $2,973 and briefly surpassing $2,954 in the cash market.