Gold hits highest level in three months as traders worry about US inflation and bond market jitters – business live

Spot gold touches almost $4,700 an ounce and Bitcoin tops $80,000 while oil prices fall despite threat of heavy US sanctions on Iran and any country trading with it The US car parts company First Brands Group , which makes things such as spark plugs, wiper blades and motor oil, has gone into liquidation. A US bankruptcy court rejected a complex restructuring

The top 3

  1. Nominal All-Time High Gold Price: Gold reached its nominal all-time high of $5,589.38 per ounce on January 28, 2026, marking a significant historic breakthrough with a gain of over $300 in a single trading session.
  2. Inflation-Adjusted Gold Price Records: While gold's nominal price hit a record in January 2026, its inflation-adjusted value also reached a historical high of $5,633.98, surpassing the 1980 peak, which was approximately $3,200 in 2026 dollars.
  3. Three Key Drivers of Gold Surges: Major gold price surges have historically been triggered by the 1970s oil crises and stagflation, the 2008 global financial crisis, and the period from 2020-2026 marked by the COVID-19 pandemic, geopolitical tensions (like the Russia-Ukraine war), and increased central bank gold purchases.

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