Gold's price is set to break the $3,000 point for the first time. Here's what investors should do before then.

Gold is considered a safe haven in times of economic turmoil. That’s just one of the reasons it is rallying to new highs.

The price of gold has been bursting through records in the first month of Mr. Trump’s second term, recently trading at more than $2,900 per troy ounce. It is up about 12 percent already this year, on top of a 27 percent gain last year. Many strategists are upgrading their forecasts, predicting more gains ahead.

I nvestors who expected the price of gold to moderate in 2025 may have to rethink their predictions. Despite the price of the precious metal dipping from a record high in October

Kristina Hooper, Chief Global Market Strategist at Invesco, joins TheStreet to explain why gold is on the rise.