This CBS news article talks about the rising price of gold. The price of gold has reached a new high at about $4,300 per troy ounce. The rise in price has been driven by broad economic and geopolitical uncertainties. A lot of these uncertainties have stemmed from Trump's trade wars. The increased demand for gold is from investors fleeing to “safe-haven” assets, because investors are seeking stability. Another reason for this surge is because of the weakening U.S. dollar and expectations of lower interest rates. Central banks are also increasing their demand for gold with geopolitical risks, such as the conflicts in Ukraine and Gaza. The U.S. government shutdown also adds to these anxieties, because key economic data has been delayed.
This graph is from the article showing the dramatic increase in price per ounce
Link: https://www.cbsnews.com/news/gold-prices-high-whats-driving-surge/
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