I would not worry about the price of gold given what is...

I would not worry about the price of gold given what is happening in Kazan this month where the BRICS are trying to se up a unit of exchange that is 40% gold backed. This horse bolted when Joe Biden froze (stole) the Russian US reserves in 2022 and now wishes to give it to their enemies in Kiev. Strangely after that no one wants to hold US treasuries. Central Banks are swapping gold for US treasuries, with the US printing a trillion dollars every 90 days.

https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2024/central-bank

As you can see, 2022 was a pivotal year.

The gold market has been suppressed since the US went off the gold standard by bullion bank derivatives that are hugely leveraged. Bullion is now being exchanged for the paper, hence the price rise. There is 50 years of manipulation to undo. Physical gold trcades are being settled outside the LBMA and Comex, which are being disenfranchised.

There will be occasions when "Mr. Slammy" has his day, but in the long run it is a good trade, exchanging gold for depreciating US paper. There is just too much debt out there. It doesn't matter which candidate is President as they will both need to print. The interest on the government bonds is now bigger that the defence budget.