Gold's all-time high price is $3,508.79 per ounce, reached on September 2, 2025. This record-breaking price is driven by various factors, including ¹ ²:

- *Geopolitics*: Global uncertainties and tensions contribute to gold's safe-haven appeal.

- *Central Bank Buying*: Central banks have been consistently purchasing gold, with 1,180 tonnes bought in 2024, to diversify their reserves and reduce dependence on the US dollar.

- *Interest Rates*: Expected rate cuts by the US Federal Reserve have boosted gold prices, as lower interest rates make non-yielding assets like gold more attractive.

- *US Dollar*: A weaker US dollar increases gold's appeal as a hedge against inflation and currency fluctuations.

In addition to these factors, gold prices have also been influenced by ²:

- *Trade Wars*: Escalating trade tensions between the US and other countries drive investors to safe-haven assets like gold.

- *Inflation*: Gold is traditionally seen as a hedge against inflation, and rising inflation rates can boost gold prices.

It's worth noting that gold prices can be volatile and are affected by a wide range of factors, making it essential to stay informed about market trends and analysis ³.