What is causing the price of gold to go up?
The price of gold is up 17.20% for the year so what is the cause of this massive increase in the price? In this article we discuss the factors which can cause the price of gold to go up. High inflation Gold is considered a safe haven, so in times of high inflation, investors flock to gold as a store of wealth. Inflation is still above the central banks’ targeted levels. Hence gold can be used as a hedge against …