“What should we buy to protect our money from inflation ? What is the best investment at the moment?” These are questions that concern most people, especially in times of uncertainty, price fluctuations, and high inflation rates.
While we monitor central bank decisions and follow the presidential elections, especially in the United States, in this report we try to highlight the best investments during the remainder of 2024 based on expert opinions and market data.
“Trading in the financial markets requires diversifying investments, as there are many variables all the time that constantly affect the movement of assets, and therefore diversifying your investments ensures that you reduce the risks that may affect your investment portfolio,” said Ali Hassan, CEO of Evest, to CNN Economic.
Financial market performance
Bitcoin was the top-performing cryptocurrency, rising 52.36 percent from the beginning of 2024 to the end of July, climbing from around $42,409 to close at $64,671 after reaching a year high of $73,808, according to Binance platform data.
As for gold, it has risen by more than 18 percent since the beginning of the year until the end of July, compared to a rise of only about three percentage points in the dollar index – which measures the performance of the US currency against a basket of six major currencies.