Between 2018 and 2019, the gold price may spike up to even multi-year highs. Now there are several factors that are supporting this prediction. While the actual extent of the upmove is anyone's guess, the consensus is it is moving higher.What was the highest price gold ever reached?
Adjusting for inflation, gold’s highest price point ever was on January 21, 1980 when the precious metal hit $850 only to plunge the very next day to $737.50, a 13% fall.Why is gold so high?
Fear of inflation is one reason why the price of gold is so high. If paper money is being devalued (it's not worth as much as it used to be), then gold prices would be forced higher. This is happening all over the world right now. Many countries are devaluing their own currencies, not just the United States.