On Monday, gold futures climbed to near their historic highs. Some analysts believe that the reason is the attempted assassination of former President Trump, which has led to political uncertainty and boosted the demand for precious metals as a safe haven.

Teucrium Trading's Managing Director and Senior Investment Portfolio Expert, Jake Hanley, said, "This assassination attempt left everyone frightened... Therefore, it is reasonable for political uncertainty to have an impact on market trends."

"Does this assassination attempt mean that the United States urgently needs national unity? We are waiting to see," Hanley said. "If American voters unite and strive to improve our financial situation, then gold is likely to decline."

Maintaining the status quo means continuing deficit spending and potential domestic instability.

Gold futures rebounded on Monday, but as the trading session approached settlement, the upward trend narrowed. The gold futures contract for delivery in August on COMEX reached a high of $2,445 per ounce, and then closed at $2,428.90, up $8.20 for the day, or 0.3%. The most active COMEX gold futures contract price closed near the historical high of $2,438.50 on May 20th, but had not yet surpassed the intraday high of $2,454 on that day.

Paul Marino, Chief Revenue Officer of GraniteShares, said, "In uncertain and turbulent times, you invest in gold, and this is exactly the period we are in now. U.S. debt continues to grow, geopolitical tensions continue to rise, and the attempted assassination of the Republican presidential candidate Trump last weekend. People continue to use gold as a safe haven and store of value."

He added, "Price predictions are difficult to make accurately, but gold seems to be steadily rising."

However, not everyone believes that the attempted assassination of Trump has fueled the rise in gold prices.

Brien Lundin, editor of the Gold Newsletter, wrote in an email comment, "Gold's rise is not due to the attempted assassination of Trump," he pointed out, "There are some major misconceptions about what is causing metal prices to rise."

He said that despite Trump's weekend assassination attempt, gold prices actually fell in overnight trading. In Lundin's view, this was a "sensible reaction," and he believes that geopolitical issues should "not have a real impact on the price of gold." Nevertheless, he further pointed out that mainstream economic news speculating on the impact of Trump's election as president was what drove gold prices up.

Some news sources have pointed out that Trump is likely to dismiss Federal Reserve Chairman Powell and "choose someone who would be more politically influenced and more accepting of loose monetary policy," which would send gold skyrocketing.

However, whether this claim is true or not, Lundin believes that the facts are unlikely to be so. He pointed out that gold had already started to rise two weeks ago, "as investors began to price in expectations that the Federal Reserve would cut interest rates twice this fall."

Data released last week showing a cooling inflation raised the possibility of a Fed interest rate cut in the coming months.

In a low-interest rate environment, precious metals often attract bid because rising interest rates will reduce the attractiveness of non-yielding gold to investors, who will pursue higher returns elsewhere.

Marino said, "U.S. bond yields are falling, the curve is steepening, and although inflation has improved somewhat, it is still not under control, all of which is favorable for the gold price."

The lower-than-expected inflation data released last week supported the gold price. Wael Makarem, financial market strategist at Exness, said in an email comment, "Weak June consumer price inflation and a broader trend of anti-inflation expectations have fully anticipated a rate cut in September, which could help boost gold prices."