Gold prices rose more than 1% on Thursday, helped by a retreat in the U.S. dollar, while the Federal Reserve cut interest rates by a quarter of a percentage point as widely expected.Spot gold was up 1.

The Fed rate cut could have a big impact on gold prices this week, but that impact may not be what you'd expect.

Gold prices edged up on Thursday but hovered at a three-week low, as market participants braced for an expected rate cut decision by the U.S. Federal Reserve later in the day. Spot gold rose 0.1% to $2,

Both can be smart investments right now, experts say, but one option could make more sense for your portfolio.