Economic uncertainty lifting the gold price
“Gold has been broadly following the US Economic Policy Uncertainty (EPU) Index higher as safe-haven buying has helped to lift the price. President Trump’s threat to put tariffs on Mexican imports led to the gold price jumping in June.”
USAGOLD note: Heraeus’ findings fall in line with studies we have highlighted here showing the price of gold rising in an assortment of currencies around the world. In many places, particularly in Asia, those increases are directly associated with strong physical demand. In turn, that global demand is beginning to have an effect on the US dollar price of gold.
Image courtesy of VisualCapitalist/Jeff Desjardins