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The Federal Reserve controls monetary policy, which has a big influence on gold prices. Interest rates have a significant impact on gold prices because of a factor known as "opportunity cost." With interest rates holding near their historic lows, bonds and CDs are less attractive, making gold a more appealing investment. As the Fed continues to keep interest rates low, gold prices are likely to remain high. Gold is often seen as a safe haven investment during times of geopolitical uncertainty. As tensions rise between countries or regions, investors may flock to gold as a way to protect their assets. With ongoing tensions in the Middle East and other parts of the world, gold prices are likely to remain high. As with any good or service, increased demand with constrained or low supply has a tendency to pull prices of that good or service higher. Conversely, an oversupply of a good or service with stagnant or weak demand can push prices lower. Growing demand and constrained supply have been reasons gold prices have headed higher in recent years. Rising inflation can also impact gold prices. As the cost of goods and services increases, investors may turn to gold as a way to protect their purchasing power. With inflation on the rise in many parts of the world, gold prices are likely to remain high. Central banks around the world hold significant amounts of gold as part of their reserves. Changes in central bank policy, such as buying or selling gold, can impact the price of the precious metal. As central banks continue to hold gold as part of their reserves, gold prices are likely to remain high. Based on these factors, it's likely that gold prices will remain high over the next three years. With ongoing geopolitical tensions, low interest rates, and rising inflation, gold is likely to remain a popular investment choice for many investors. So, if you're looking to invest in gold, now may be a good time to do so! Ricardo Valls ORCID ID- https://orcid.org/0000-0002-5421-0914 Scopus Author ID: 7003369619 ResearcherID: S-6604-2018 Scopus Author ID: 35335510700 If you like this content, please "buy me a coffee" https://www.buymeacoffee.com/goldendroplets