The price of gold has reached unprecedented levels, hitting an all-time high of $5,589.38 per ounce on January 28, 2026, after a year of record-breaking increases. Factors contributing to this surge include persistent inflation concerns, shifting expectations for Federal Reserve interest rates, global geopolitical tensions, and increased demand from central banks and investors. Gold’s price journey began at around $2,624 per ounce at the start of 2025, reflecting a dramatic shift in market dynamics and investor sentiment.
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What is the highest gold price ever and its changes in the past year
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