Spot Gold Hits Record High of $3,630 per Ounce

Gold prices have soared to a new all-time high, reaching $3,630 per ounce. This surge reflects gold’s enduring appeal as a safe-haven asset during periods of economic uncertainty and volatility. Experts attribute this rise to several factors: persistent inflation concerns, geopolitical tensions driving investors to seek security in traditional assets, increasing central bank gold reserves, and a weaker US Dollar boosting demand for dollar-denominated gold.