Gold prices have surged 39% this year, marking the largest annual increase since 1979. This rally is driven by investor concerns over trade policies, rising inflation, and geopolitical tensions. Demand from ETFs, central banks, and retail investors has fueled the surge, with futures reaching record highs. Experts see gold as a hedge against stagflation risks, even as the dollar weakens. The growing appetite for gold reflects fears of economic instability and economic slowdown.