Why are gold prices up 44 per cent so far this year?Gold prices have gained primarily due to fears of higher global inflation, economic uncertainty due to the US’ trade dispute and geopolitical tensions. Australia’s Office of the Chief Economist says that since late 2024, gold prices have been boosted by 3 factors: first, a sharp rise in trade barriers raised concerns over world economic growth and corporate earnings. Then, worries over the US fiscal outlook saw investors take a less favourable view of US T ...