In the past four terms of the U.S. presidency, gold has risen significantly. Citigroup: Aiming for $3000 this year!
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According to Citigroup's analysis, the price of gold has risen by over 50% during the terms of Presidents Trump and Biden respectively. Currently, the price of gold has reached $2578.30 per ounce, with expectations to surpass $3000 this year. The analysis suggests that the surge in gold price is mainly influenced by geopolitical tensions, complexities in the financial landscape, and increased central bank demand. Historical data shows that the price of gold has significantly increased during the term of each U.S. president, especially during periods of uncertainty and economic instability, where gold is seen as a safe-haven asset
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