It's important to carefully evaluate the moves you're making now that the price of gold is sitting at a new high.

Key Takeaways Gold prices hit another record high on Monday to cap off a quarter in which it gained 20%.Retail investors have flocked to gold, a traditional safe-haven asset, in response to the tariff and broader economic uncertainty that has weighed on stocks in recent months.

If you have gold jewelry tucked away in a drawer, now might be the time to cash in! The price of gold just hit a record high-soaring past $3,100 per ounce-and experts say it could climb even higher. But what does that mean for you?