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Price of Gold: What Determines it Today and What Affects its Future? (Video)

Published 2022/07/24, 11:58
Updated 2023/09/11, 19:40

What affects the price of gold? Capital.com's latest explainer film examines how bear markets, double digit inflation, rate hikes and demand shocks have moved the price of gold over the past 50 years.

Gold can’t power machines, it doesn’t give you dividends or coupons, and if you want to physically own it, you’ll have to pay someone to store it. But central banks still store it and the precious metal remains a popular investment in times of economic uncertainty. Capital.com's chief market strategist David Jones pours over the data to explain how gold prices work and the mechanics behind them – and why it's so valuable.

From the fundamentals of gold demand and supply, to the demise of the gold standard, the film uncovers the factors that affect gold prices today and could continue to determine its movements in the foreseeable future. If you like this film, make sure to subscribe to Capital.com's YouTube channel for more chart analysis and explainer films on the big financial stories of the day.

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