London Bullion Market Association reports all-time high for its Gold Price, driven by global demand for gold as a safe-haven asset amid economic and geopolitical turmoil. The increase is attributed to significant investor interest in gold, with the LBMA Gold Price rising by 12.7% since the beginning of the year and experiencing a more than seven-fold increase since the turn of the century. Spot market gold prices have also reached a multi-year high in anticipation of U.S. interest rate cuts next year.

Global Gold Prices Soar to Record Highs