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Gold Hits New Record High, Price Surpasses Inflation-Adjusted Peak from 45 Years Ago
BlockBeats News, September 12th, the price of gold has surpassed its inflation-adjusted peak from over 45 years ago. With increasing market concerns about the outlook of the US economy, gold has continued its strong bull market trend of the past three years and entered uncharted territory.
So far this month, the spot price of gold has risen by about 5%, reaching a historic high of $3,674.27 on Tuesday. Since 2025, the price of gold has set more than 30 nominal price records, and the latest round of gains has also exceeded the inflation-adjusted peak set on January 21, 1980—when the price of gold reached $850 per ounce.
Considering decades of consumer price inflation, this price is equivalent to about $3,590—although there is more than one method of inflation adjustment, and some calculations would result in a lower peak value from 1980. However, analysts and investors unanimously believe that gold has now firmly surpassed this level, further solidifying its position as a timeless hedge against inflation and currency depreciation tool. (Jinse)
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