Gold prices are soaring, and according to Axel Merk, CEO of Merk Investment, former President Donald Trump’s policies are playing a major role in driving this rally. With increasing market uncertainty, investors are turning to gold as a safe haven asset, and political factors could continue to push prices higher.
Why Is Gold on the Rise?
✅ Economic & Political Uncertainty – Trump’s potential return to the White House has reignited discussions about trade policies, inflation, and fiscal spending.
✅ Weaker Dollar & Inflation Fears – Market fears over rising debt and economic instability are strengthening gold’s appeal.
✅ Safe Haven Demand – Investors are hedging against volatility as geopolitical risks grow.
What Experts Are Saying
Merk argues that Trump’s stance on trade, tariffs, and monetary policy could impact the U.S. dollar, further boosting gold. “The market is reacting not just to economic data but also to political developments,” he noted.
What’s Next for Gold?
With the 2024 elections approaching and global uncertainties rising, gold may continue its bullish trend. Analysts suggest watching for key policy announcements and Federal Reserve moves that could shape the future of gold prices.
📢 What do you think? Will gold keep rising? Share your thoughts in the comments!
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