In times of economic uncertainty or market volatility, investors tend to turn to gold, putting upward price pressure on the yellow metal."Īnother time investors might flock to a safe-haven investment like gold? That'd be during a presidential election, when some might view a change in leadership as a risk to their finances. "Gold is often seen as a safe-haven asset. "Fears that an uncontained, regional war could disrupt global markets and supply chains triggered capital flight into gold and away from speculative assets such as high-risk stocks," Hunt says. He's right: After the conflict between Israel and Gaza began in early October, gold prices soared, reaching points not seen since mid-2022. "Recently, the Israel-Hamas conflict has driven up the geopolitical premium in gold." "Periodically, geopolitical risks, and a flight to safety drive up the demand for gold," Shah says. Inflation is an important factor to watch next year if you're tracking gold prices. Geopolitical tensions and the election could drive up demand for gold And while WisdomTree currently predicts gold prices to hit a new all-time high next year, if economic conditions worsen, demand for gold could rise considerably, sending prices up even more. In 1980, gold prices reached a then-record $800 per ounce following years of generationally-high inflation over the preceding decade."įorecasts aren't always right, though. "If current trends of economic uncertainty and inflationary pressures continue, there could be upward pressure on gold prices. "When inflation rates rise, gold prices often increase as well," says Liam Hunt, a financial writer and analyst for Gold IRA Guide. This persistently high inflation could push up demand for gold and, subsequently, gold prices. WisdomTree's forecast currently projects a 3.1% inflation rate at the start of 2024 and a 2.60% rate by the third quarter. And according to a forecast from WisdomTree Investments, it will stay that way for a while. And while the Fed has hiked interest rates many times to help quell it, the central bank is still far from its 2% goal. We regularly solve violent crimes as well, including assault, kidnappings, shootings and homicides. Some of the main types of property crime Flock Safety addresses include mail and package theft, home invasions, vandalism, trespassing, and burglary. One of the big reasons gold has become popular lately - and pricier - is stubborn inflation. Flock Safety helps solve and reduce violent and non-violent crime.
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