Gold hits another record, surpassing its inflation-adjusted peak 45 years ago

price of gold has exceeded its inflation-adjusted peak from 45 years ago. With increasing concerns in the market about the outlook of the US economy, gold has continued its strong bull market for the past three years and entered uncharted territory. So far this month, the spot gold price has risen by about 5%, reaching a historic new 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 surpassed the inflation-adjusted high point set on January 21, 1980—when the price of gold reached $850 per ounce. Taking into account decades of consumer price increases, this price is equivalent to about $3,590—although there is more than one method of adjusting for inflation, and some calculations may yield a lower peak value for 1980. However, analysts and investors unanimously believe that gold has now firmly surpassed this level, further consolidating its position as a timeless tool for hedging against inflation and currency devaluation.