The price of gold has continued to climb in the time since, surging past the $3,300 per ounce mark this week. Gold's prices got where they are today due to several different economic factors, including inflation climbing over the last few years,

Gold prices just wrapped up their biggest daily gain since April 2020, when panicked investors were hoarding the precious metal during the Covid market meltdown. Gold futures rose 3.4%, or $107.90 a troy ounce,

Gold prices rose to another record high on Wednesday as stocks tumbled after AI chip giant Nvidia warned it would take a big hit from escalating tensions between the U.S. and China.