Gold’s all-time inflation-adjusted peak in 1980 equates to about $US3800/oz.
In the last quarter-century, gold has risen 10-fold, outperforming the S&P 500.
Poland, India and Turkey topped the ranks as the largest buyers last year.
New York | Gold prices passed $US3000 an ounce for the first time ever, driven higher by a central bank buying spree, economic fragility worldwide, and US President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals.
Bullion climbed as much as 0.5 per cent to $US3004.94 an ounce on Friday before erasing gains.
