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The price of Gold can fluctuate due to a wide range of factors. Geopolitical instability or fears of a deep recession can cause the price of Gold to rise rapidly due to its status as a safe-haven asset. As a non-yielding asset, the price of Gold tends to increase when interest rates fall, while higher borrowing costs usually weigh down on the yellow metal. Nevertheless, most movements depend on how the US Dollar (USD) behaves, as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold in check, while a weaker Dollar is likely to push Gold prices higher.