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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
To put it into perspective, the bullion rose at an average rate of 13% per year.
This gain is part of a broader trend that highlights gold’s role as a ‘safe haven’ investment during times of uncertainty.
Gold’s resilience amid global chaos
Throughout Trump’s four years in office, the precious metal’s value soared in response to a series of geopolitical and economic shocks. The trade wars, political turmoil, and even the spectre of international conflict all spurred investors to flock to gold, a time-tested hedge against instability.
Historically, gold is known to thrive during periods of crisis, and the Trump era was no exception.
While the financial markets were rocked by events like the COVID-19 pandemic (which started in the United States during the tail end of the last Trump administration), gold demonstrated its resilience.
In fact, the price of the yellow metal hit all-time highs during the onset of the pandemic as investors pulled their money away from all risky and weak assets.
What’s ahead for gold? The $3,000 mark on the horizon
As we head into the next phase of global economic uncertainty, many investors could be asking: Could gold hit new record highs?
Well, analysts from Citigroup predict that gold could exceed $3,000 per ounce by the end of 2024, driven by persistent inflationary pressures, geopolitical tensions, and the continued fallout from global crises.
With gold’s track record of thriving in times of crisis, the coming years could very well see this precious metal pushing boundaries once again.
For those looking to capitalise on gold’s potential, now might be the time to pay attention to the ever-shifting landscape of global economics, as gold prices look set to continue their climb.
Here is a table reflecting how the bullion fared during the previous US administrations. (source: World Gold Council)
| President | Inauguration date | Price change | Gold price per troy ounce (USD) at start of term |
Gold price per troy ounce (USD) at end of term |
| George H. W. Bush | Jan. 20, 1989 | -19% | $405.50 | $331.00 |
| Bill Clinton | Jan. 20, 1993 | -20% | $330.50 | $264.76 |
| George W. Bush | Jan. 20, 2001 | 215% | $267.01 | $836.10 |
| Barack Obama | Jan. 20, 2009 | 44% | $836.00 | $1,204.31 |
| Donald Trump | Jan. 20, 2017 | 53% | $1,208.02 | $1,841.01 |
| Joe Biden | Jan. 20, 2021 | 37% | $1,870.01 | $2,523.00 |
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