{"id":21407,"date":"2017-04-27T11:15:37","date_gmt":"2017-04-27T18:15:37","guid":{"rendered":"https:\/\/goldco.com\/?p=21407"},"modified":"2025-11-21T10:10:03","modified_gmt":"2025-11-21T18:10:03","slug":"geopolitical-factors-driving-gold-prices-higher","status":"publish","type":"post","link":"https:\/\/goldco.com\/geopolitical-factors-driving-gold-prices-higher\/","title":{"rendered":"Gold Price Factors: Geopolitical Factors Driving Prices Higher"},"content":{"rendered":"

The economy is very much influenced by the events going on in the world. The Brexit vote, for example, caused both the pound and the euro to weaken considerably, and the dollar to grow stronger by comparison. The announcement of a federal interest rate hike is nearly always met with a decline in the stock market. Everywhere you look, current events have an impact on economic factors around the globe.<\/p>\n

So with that in mind, what are the geopolitical factors that are contributing to the current rise in gold prices<\/a>?<\/p>\n

Syria and North Korea<\/strong><\/h3>\n

One of the most significant events in the news recently has been Donald Trump\u2019s missile strike against Syria. When Syrian President Bashar al-Assad allegedly bombed his own people with dangerous and illegal chemical weapons, President Trump retaliated by launching 59 Tomahawk cruise missiles<\/a> against the airfield from which the attack originated.<\/p>\n

Not long afterwards, Vice President Pence stated publicly that the previous administration\u2019s policy of \u201cstrategic patience\u201d towards Syria, North Korea, and other countries that could pose a threat to our nation, was now over. In particular, he warned that North Korea should not test President Trump\u2019s resolve<\/a> by continuing their illegal testing of missiles and nuclear weapons.<\/p>\n

Needless to say, tensions between the U.S. and both Syria and North Korea, as well as their respective allies, Russia and China, have been running high for the last couple of weeks. However, over that same amount of time, the gold spot price has spiked significantly, rising from $1,252.48 per ounce the day before the attacks<\/a>, to $1,266.62 immediately after the news broke, and continuing to rise.<\/p>\n

The Effect on Gold<\/strong><\/h3>\n

There are several reasons for this sudden spike. As previously mentioned, one of North Korea\u2019s allies is China, with whom the U.S. does significant business. What they plan to do in this situation remains to be seen, but even now, there\u2019s fear that their actions will have a negative impact on the markets.<\/p>\n

As a result, people are looking for a safe haven to protect themselves in case of market downturn. And gold has always been one of the best, most secure safe havens there is. It\u2019s not subject to inflation or market volatility, but retains its value over time. Therefore, if you have a portion of your money in gold, even if you lose your investment in the stock market, you still have something to fall back on, and protect your nest egg.<\/p>\n

Other Geopolitical Factors<\/strong><\/h3>\n

Our relations with Syria and North Korea aren\u2019t the only geopolitical factor in play in the economy right now, and the markets aren\u2019t the only thing being affected. For example, President Trump recently remarked that the U.S. dollar is too strong, which makes it difficult to compete financially with other countries who are devaluing their currency.<\/p>\n

In response to his remarks, the dollar\u2019s value dropped immediately<\/a>, hitting a five-month low against the yen. This drop further cemented investors\u2019 need for a safe haven, thus driving gold up even more.<\/p>\n

Finally, there\u2019s another, more practical reason for gold\u2019s recent surge. Demand for gold has been increasing in both India and China<\/a>\u2014two of the biggest gold importers in the world. Unlike the other factors we\u2019ve talked about, which were immediate reactions to specific events, this has been going on steadily for several months. Demonetization in India late last year had led to a decrease in imports, but the effects seem to be waning, the rupee\u2019s value is going up, and the demand for gold is back on the rise.<\/p>\n

Meanwhile, China\u2019s demand for gold is increasing so much that some worry it can\u2019t be met<\/a>. When demand exceeds supply, that only serves to drive the price up further.<\/p>\n

All of these are significant factors contributing to the rise of gold in recent weeks. Furthermore, they seem to indicate the continued rise of gold in the foreseeable future. Tensions with Syria and North Korea are likely to remain high as a result of Trump\u2019s current policies. As a result, demand for gold is likely to continue rising in India and China, particularly as India\u2019s wedding season arrives later this year, as gold is a traditional gift.<\/p>\n

That makes now the perfect time to invest in a Gold IRA<\/a>, while the price is still relatively low. Especially in the current geopolitical climate, it\u2019s important to have a safe haven. Is your nest egg protected?<\/p>\n","protected":false},"excerpt":{"rendered":"

The economy is directly influenced by world events. Learn about how various geopolitical factors are driving the prices of gold higher.<\/p>\n","protected":false},"author":3,"featured_media":32179,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[210],"tags":[],"class_list":["post-21407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-political"],"acf":[],"yoast_head":"\nGold Price Factors: Geopolitical Factors Driving Prices Higher – Goldco<\/title>\n<meta name=\"description\" content=\"The economy is directly influenced by world events. 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