Interest in gold has surged, with prices peaking at $5,600 per ounce before stabilizing around $5,000 amid economic fluctuations and geopolitical tensions. Al Jazeera explains gold’s value is determined by weight in troy ounces and purity in karats, affecting market prices. The U.S. leads gold reserves globally with 8,133 tonnes, followed by Germany and Italy. The price of gold has quadrupled in the past decade, reflecting its status as a safe haven asset.
