What affects the value of gold? Back to list

Member SinceJul 08, 2021

Posts 541


May 24, 2022 a 12:13
There are several factors that could have a significant impact on gold prices in 2020.

> The Fed could cut interest rates;
>The risk of a global recession because of the coronavirus pandemic;
>US Presidential Election.

Gold is a haven. In times of crisis, many investors put their money on this financial instrument. This drove the price of gold higher. Note that investing in this metal is the most reliable. Investing in gold is great for conservative investors.

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