With the price of gold breaking the London Bullion Market Association’s all-time record at $1 940.90/oz on July 28, the sustainability of an unprecedentedly high gold price is being debated, leading to discussions around which drivers will most likely spur new growth and which are likely to sustain growth.
July 28’s record exceeded the previous record of $1 895/oz set by the PM Price on September 5, 2011, and the $1 921.20/oz intra-day high the following day during Asian trading hours.