Gold breaks another record! Prices surpass the inflation-adjusted peak of 45 years ago

Gold prices have surpassed their inflation-adjusted peak 45 years ago, extending a strong bull run of the past three years and entering uncharted territory as concerns grow about the outlook for the US economy. Spot gold prices have risen about 5 per cent so far this month, hitting a new all-time high of $3,674.27 on Tuesday. Gold prices have set more than 30 nominal price records since 2025, and the latest rally has broken through the inflation-adjusted peak set on January 21, 1980, when gold hit $850 an ounce. That equates to about $3,590, given decades of consumer price increases - although there are more than one way to adjust for inflation, with some calculations leading to a lower 1980 peak. But analysts and investors agree that gold has now firmly broken through this level, further solidifying its position as a time-honored anti-inflation and anti-currency depreciation tool.