Gold breaks record again, price surpasses inflation-adjusted peak from 45 years ago

Jinse Finance reported that the price of gold has surpassed its inflation-adjusted peak from more than 45 years ago. As concerns over the outlook of the US economy intensify, gold has continued its strong bull run over the past three years and entered uncharted territory. So far this month, spot gold prices have risen by about 5%, and on Tuesday, it hit a record high of $3,674.27. Since 2025, gold prices have set more than 30 nominal price records, and the latest rally has also broken through the inflation-adjusted high set on January 21, 1980—when 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 for inflation adjustment, and some calculations yield a lower 1980 peak. However, analysts and investors agree that gold has now firmly surpassed this level, further consolidating its status as a time-tested tool for hedging against inflation and currency depreciation.