Despite having a weak May, gold prices have had a stellar 2016, and reached a four-week high Monday.
The yellow metal could see its prices go up even further if Great Britain votes on June to exit the European Union and the Federal Reserve decides against raising interest rates this month or in July. Of course, as more central banks embrace subzero interest rates, investors will seek out gold, silver and other precious metals as safe havens.
Once price inflation kicks in and the United States central bank has no choice but to raise rates then gold could skyrocket.
So, how well has gold performed this year? It has climbed from around $1,060 an ounce to just under $1,300 per ounce (as of June 13).
Here is a chart courtesy of GoldPrice.org:
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