Global gold prices surged to an all-time high of $3,650 per ounce, as investors flocked to the precious metal amid growing economic uncertainty and volatility in financial markets.
Gold climbed to its strongest level in history during early trading sessions, breaking past its previous record set earlier this year. Analysts attribute the rally to mounting concerns over inflationary pressures, slowing global growth, and increased geopolitical tensions that have driven investors toward safe-haven assets.
Market strategists note that persistently low confidence in major currencies, particularly the U.S. dollar’s recent weakness, has fueled demand for gold. Central banks across emerging markets have also been stockpiling reserves, further accelerating the surge.
“Gold remains the ultimate store of value in times of uncertainty, and with interest rates stabilizing and geopolitical risks elevated, the rally is likely to continue,” said one commodities analyst.
The spike in gold prices has also sparked renewed interest from retail investors, with trading volumes on global exchanges sharply higher in recent weeks. Some experts warn, however, that gold’s rapid ascent could lead to heightened volatility in the near term.
