Gold prices have surged past their inflation-adjusted peak, reaching levels not seen in 45 years, as investor anxiety about the U.S. economic outlook intensifies. This upward trend marks a continuation of the gold market’s robust performance over the past three years, pushing it into previously uncharted territory. Spot gold prices climbed approximately 5% this month, hitting an all-time high of $3,674.27 on Tuesday. Since 2025, gold has set over 30 nominal price records, with the latest surge surpassing the inflation-adjusted peak established in January 1980, when it reached $850 per ounce. While different methods of adjusting for inflation may yield a lower 1980 peak, experts and investors agree that this price point represents a clear benchmark for gold’s enduring value as a hedge against inflation and currency instability.