Gallup poll results: gold as investment tool surpassed US stocks in popularity

The unprecedented surge in gold prices, which allowed the precious metal to repeatedly renew record highs, has also made this asset one of the most popular tools for long-term investment. Yet another evidence of this became the results of a recent Gallup poll.

According to its data, 23% of surveyed US citizens now consider gold to be the best long-term investment. At the same time, only 16% of respondents choose US stocks for the purpose of investment.

As noted by the organization, the decline in the popularity of US equities was caused by the country's administration policies, which have shaken confidence in the reliability of dollar assets. As a result, gold has become the second most important instrument for long-term investment for Americans, giving the first place only to real estate.

However, according to the authors of the survey, the negative sentiment regards stocks may be short-term. The Gallup poll was conducted during the first two weeks of April, when concerns about the impact of Trump's policy on the stock market were particularly strong. At the same time, experts expect investors' interest in gold to remain strong if the upward trend of the metal's price continue.