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What Affects Gold Prices? Factors That Affect Gold Pricing

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What Affects Gold Prices? Factors That Affect Gold Pricing
American Eagle and South African Krugerrand gold bullion is offered for sale at the Chicago Coin Company in Chicago. Scott Olson/Getty Images
Oxford Gold Group
By Oxford Gold Group
8/22/2022Updated: 2/6/2023

Whether you’re looking to invest in physical gold or use this precious metal to make jewelry, you likely wonder what affects gold prices. Predicting the price of gold isn’t as easy as tracking supply and demand. Several factors influence the price of gold, making price predictions tricky.

This guide explains the most common factors affecting the value of gold and how these trends have caused prices to rise and fall throughout history in the United States.

Oxford Gold Group
Oxford Gold Group
Author
The Oxford Gold Group helps investors protect and grow their wealth by purchasing physical gold and silver for their IRAs and for home delivery as effortlessly and securely as buying bonds or stocks. That's why investors have turned to the security of gold and silver and the Oxford Gold Group.
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