Should seniors change their gold investing strategies this May? Experts weigh in

A strategic shift in gold investing could make sense for seniors this May, experts say. /iStockphoto Gold prices have dropped from their peak at the beginning of the year, but they're still relatively high. Hovering steadily around the $4,700-per-ounce range since April, gold has been buoyed by geopolitical turmoil and the recent decision from the Federal Reserve , which has many wondering where interest rates will head next. The Fed's rate policy is one of several factors that can drive gold prices . At the same time, with the price significantly lower now than it was a few months ago, it could make sense to get started before the price ticks up again. But does that mean it's a good idea for you to invest in the precious metal right now, especially if you're a senior in or nearing retirement? And if so, how should you approach it? We asked experts for their insights on what seniors should (and shouldn't) be doing with gold in today's market. That's what we'll break down below. Get invested in gold before the price rises again here . Should seniors change their gold investing strategies this May? Not sure of the right approach to take to gold this month? Here's what some experts recommend seniors do right now: Buy enough to diversify Market conditions are volatile at the moment. Geopolitical uncertainty abounds, and with rising inflation , no one's quite sure what move the Federal Reserve will make next. …