Gold : $3,189.36 -7.95
Silver : $41.49 +0.13
Platinum : $1,404.38 -1.30
Palladium : $1,324.33 -9.95

Why is gold so expensive now?

The price of gold is influenced by a variety of factors, including supply and demand, global economic and political conditions, inflation, interest rates, and currency exchange rates. Gold is often seen as a safe-haven asset, particularly during times of uncertainty or market volatility, so its price can rise when investors seek to protect their wealth.

In recent years, the COVID-19 pandemic and the resulting economic uncertainty and government stimulus measures have contributed to increased demand for gold as a hedge against inflation and a store of value. Additionally, the low-interest-rate environment and the weakened US dollar have made gold more attractive to investors. Since 2003 gold has grown by 417%, beating the stock market on a 20 year comparison. 

It's worth noting that the price of gold can be volatile and subject to fluctuation based on various market conditions, so it's always important to do your own research and exercise caution when investing in any asset.

You can always count on Nugget Stacker to have the best pricing on gold and silver in Canada, complemented with free shipping across Canada.