{"id":1489650,"date":"2024-09-13T09:45:00","date_gmt":"2024-09-13T13:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1489650"},"modified":"2024-09-13T09:45:00","modified_gmt":"2024-09-13T13:45:00","slug":"visualizing-the-price-of-gold-by-us-president-since-1989","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/visualizing-the-price-of-gold-by-us-president-since-1989\/1489650\/","title":{"rendered":"Visualizing The Price Of Gold By US President Since 1989"},"content":{"rendered":"

Visualizing The Price Of Gold By US President Since 1989<\/span><\/p>\n

\n

Gold prices per ounce\u00a0surpassed<\/a>\u00a0$2,500 USD for the first time ever in August 2024, setting a new all-time high.<\/p>\n

The surge in gold value this year has largely been driven by increased central bank\u00a0demand<\/a>\u00a0amidst an increasingly complicated geopolitical and financial landscape. A World Gold Council survey conducted in April 2024 found that\u00a029%<\/a>\u00a0of central bank respondents intend to increase their gold reserves in the next 12 months.<\/p>\n

This graphic, via Visual Capitalist’s Kayla Zhu, <\/a>visualizes the gold price per troy ounce in USD from 1989 to August 29, 2024, with the change in price labeled for each U.S. president\u2019s term.<\/p>\n

<\/a><\/p>\n

The figures come from the\u00a0World Gold Council<\/a>, who compile price data from ICE Benchmark Administration and the Shanghai Gold Exchange.<\/em><\/p>\n

Gold Prices Surged During Recent Presidencies<\/h2>\n

Below, we show the price change in gold per troy ounce in USD between the start and end of each U.S. president\u2019s term.<\/p>\n

<\/a><\/p>\n

*For President Biden, the date of August 29th, 2024 was used for the ending gold price in calculations.<\/em><\/p>\n

Gold has historically been seen as a\u00a0safe-haven<\/a>\u00a0asset during times of geopolitical uncertainty and economic instability. While gold\u2019s prices increased by over 50% under Trump\u2019s presidency, and by another 37% during Biden\u2019s, the greatest increase of 215% (since 1989) came during George W. Bush\u2019s presidency.<\/p>\n

Spurred by the 9\/11 attacks and the geopolitical instability which followed, gold\u2019s bull run during Bush\u2019s presidency from 2001 to 2009 could\u2019ve been even greater had the 2008 global financial crisis not occurred. Instead, fear of deflation and a flight to the safety of the U.S. dollar resulted in a 30% dip from the peak to trough of gold prices in 2008.<\/p>\n

Events like 9\/11, the COVID-19 pandemic, and the Ukraine-Russia war have all contributed to significant increases in gold prices, as investors seek stability during turbulent times\u200b.<\/p>\n

Whether Donald Trump is reelected or Kamala Harris becomes the first female president of the U.S., Citigroup analysts\u00a0forecast<\/a>\u00a0gold prices exceeding $3,000 by the end of 2024.<\/p>\n

To learn more about gold\u2019s recent performance on the markets, check out this\u00a0graphic<\/a>\u00a0that shows the value of a gold bar in various sizes as of August 2024.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 09\/13\/2024 – 05:45<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/commodities\/visualizing-price-gold-us-president-1989<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Visualizing The Price Of Gold By US President Since 1989 Gold prices per ounce\u00a0surpassed\u00a0$2,500 USD for the first time ever in August 2024, setting a…<\/p>\n","protected":false},"author":0,"featured_media":1489651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1489650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1489650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1489650"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1489650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1489651"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1489650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1489650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1489650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}