Should I buy shares in Fresnillo right now?
An unpredictable president in the White House, a ballooning federal deficit and a weakening US dollar, all amid a growing conflict in the Middle East.
While arguably not desirable conditions in a general investment sense, such factors have done wonders for the price of precious metals this year and gold in particular.
Since the start of the year, the gold price has marched steadily upward and by late April, it topped $3,500 per ounce for the first time.
Analysts generally think gold has considerable room to go even higher. In May, JP Morgan forecast that prices could rise to as high as $6,000 per ounce by the end of President Trump's term in 2029, a roughly 77 per cent increase on current levels.
Earlier this month, the Royal Bank of Canada upgraded its long-term gold forecast by 12 per cent to $3,489 per ounce. While admittedly not matching JPMorgan's bullishness, RBC's forecast would mean gold prices touching near-record levels.
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