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What drives the price of gold up and down?
The price of gold is hovering around $4,700 USD per ounce as of May 2026, and even though that's historically high, it's still down around 16 percent from its super high point in January of $5,600. So, how high, or low, will gold go? That's a looming question right now. While some financial experts predict it to hit $6,000 USD per ounce by the end of the year, others say to invest with caution. Gold is largely viewed as a safe haven for investors. But, how safe is it amid the wild ride that is 2026? Here are the basic principles of what drives the price of gold, so you can make your own decision on whether or not you ... (full story)