Gold Prices Reach Historic High Amid Economic Uncertainty

Spot price of gold surpasses $2,514 per ounce, driven by inflation concerns and geopolitical tensions.

Gold prices have increased by nearly $620 per ounce over the past year.
Central banks' demand for gold is significantly above the five-year average.
Geopolitical tensions and economic instability contribute to the surge in gold prices.
Experts are divided on whether gold is a reliable hedge against inflation.
Investors are advised to be cautious of potential scams and market volatility.