Sep 1, 2024
Gold Prices Surged During Recent Presidencies 📈
What We’re Showing
The weekly gold price per troy ounce in USD from 1989 to August 29, 2024, labelled by each U.S. president’s term.
Figures come from the World Gold Council, Bloomberg, Datastream, and ICE Benchmark Administration.
Gold Price Are On The Rise
Gold prices increased by over 50% under Trump’s presidency, and has increased by another 37% during Biden’s.
Gold is widely regarded as a "safe haven" investment, meaning that it tends to increase in value during times of geopolitical uncertainty and economic instability.
Events like 9/11, the COVID-19 pandemic, and the Ukraine-Russia war have all contributed to significant increases in gold prices, as investors seek stability during turbulent times.
Citigroup analysts forecast gold price exceeding $3,000 by the end of this year.