The price of gold has reached an all-time high, and experts are predicting that it could climb even higher due to a combination of factors. What Happened: Gold prices have surged approximately 20% this year, reaching a record high on Friday. The spot gold price is now just shy of $2,500 an ounce. Ole Hansen, the head of the commodity strategy at Denmark’s Saxo Bank, in a Monday note, stated that the price rally has been in an “uninterrupted rally” since October when gold was priced at $1,810 an ounce. A standard-size gold bar of about 400 troy ounces now costs over $1 million. See Also: Elon M…
