Effects of gold's rising price to global economy

Abstract

The rising price of gold has a significant impact on the global economy, influencing financial markets, central bank policies, investment behaviors, and international trade. As a widely recognized store of value, gold acts as a hedge against economic uncertainty, inflation, and currency fluctuations. Understanding the implications of increasing gold prices reveals how it serves as a refuge during economic downturns, influences monetary policies, and affects both investment trends and consumer behavior. This analysis utilizes data from the World Gold Council, the International Monetary Fund (IMF), and the Australian Bureau of Statistics to provide a comprehensive view of gold's impact on the global economy.