Gold prices across the globe are surging at all-time high prices amid escalating geopolitical tensions in the Middle East.
According to the London Stock Exchange Group (LSEG), spot gold prices reached US$ 2,431.29 per Troy ounce -the highest rate ever recorded for the metal on Friday, April 12.
According to Gold Alliance, the highest price of gold ever recorded was US$ 2,152 on 3 December 2023. However, adjusted for inflation, gold reached its highest in 1980 with an inflation-adjusted price of US$ 2,429.84.
Last week's Friday (April 19) saw prices reaching US$ 2,417.59 after Israel retaliated with an airstrike attack, a day before.
Analysts predict rates could surpass US$ 2,500 by the year if the geopolitical developments continue.
