Whether you’re looking to invest in physical gold or use this precious metal to make jewelry, you likely wonder what affects gold prices. Predicting the price of gold isn’t as easy as tracking supply and demand. Several factors influence the price of gold, making price predictions tricky.
This guide explains the most common factors affecting the value of gold and how these trends have caused prices to rise and fall throughout history in the United States.
Please note that although we can point to historical trends and likelihoods, predicting the price of gold never turns out as straightforward as it seems on paper. These trends do not guarantee the same results in similar future situations, and trends do not guarantee future price behavior….