There's a feeling on the part of some investors that the US economy is showing some signs of weakness, including corporate layoffs and uncertainty over events in Ukraine, Russia and the Middle East, so some have turned to gold.
The precious metal is known for holding its value during times of inflation like those seen during the Biden years, and there's still concern that inflation could show up again.
So gold has been going up in price and value over the past 18 months or so, and while that may be a surprise to some financial experts, the biggest surprise appears to be how much it's gone up.
University of Houston Economics Professor Dr. Steven Craig sums up the main driving force behind the price of gold: "It really is a traditional repository when times are uncertain, and I'll say times are uncertain."
"Demand has gone up because uncertainty has gone up."
From wars in the Middle East and Ukraine to vague threats from other nations, there's been an increase in worldwide uncertainty over the past few years, and if you add inflation into the mix, gold is considered a safe haven for wealth because it holds its intrinsic value even through the worst economic times.
Predicting the ups and downs of gold, though, is a tough business, Dr. Craig says.
Every time there's a seller going into the market, there's also a buyer, and as long as that continues it'll remain a valuable commodity.
It looks like continued uncertainty for a while, so betting on gold increasing in value may be a likelihood, but we're also one or two situations away from a drop in the gold price -- perhaps a big one.
"Settling the situation in Gaza, that's clearly a fragile situation, and all kinds of things might happen," he says.