Gold has a reputation as a safe haven for investors. When the stock market fluctuates and inflation rises, investors often allocate more capital to precious metals like gold and silver.

With the war in Iran affecting oil prices and the stock market, along with ongoing issues in Europe and South America, gold is more popular than ever. In fact, gold’s price rose 64% in 2025.

But what comes next? Learn what drives gold prices, and what predictions experts have about future gold values.

What drives gold prices?

Gold prices are dependent on several factors, including:

Inflation

Inflation, the change in prices of goods and services, is one of the most significant drivers behind gold prices. When inflation rates…