Gold prices fall amid inflation risks

For thousands of years, gold has carried a simple reputation. When the world feels unstable, gold feels safe. One of the strongest examples came in 1979–1980. The Iranian Revolution, the U.S. embassy hostage crisis in Tehran, and the Soviet invasion of Afghanistan sent shockwaves across global markets. Investors rushed to protect their wealth, and gold delivered. Prices jumped from roughly $250 per ounce in early 1979 to nearly $850 by January 1980, a stunning 240% surge in about a year. That rally cem ...