Why gold is more expensive than ever

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Gold is the most expensive it's ever been. On September 2, 2025, the precious metal hit $3,508.50 per ounce. And this isn't the first time—its price has hit record highs several times this year. The high price is pushing more people to invest in it—buying gold from Costco, selling gold jewelry, and extracting gold from electronic waste. But this modern-day gold rush is also leading to consequences in Africa's gold-rich nations. In Liberia, foreign mining companies have moved in to extract the resource to meet the growing demand, but are leaving local communities to deal with the fallout, from polluted waterways to damaged land.

Gold is the most expensive it's ever been. On September 2, 2025, the precious metal hit $3,508.50 per ounce. And this isn't the first time—its price has hit record highs several times this year. The high price is pushing more people to invest in it—buying gold from Costco, selling gold jewelry, and extracting gold from electronic waste. But this modern-day gold rush is also leading to consequences in Africa's gold-rich nations. In Liberia, foreign mining companies have moved in to extract the resource to meet the growing demand, but are leaving local communities to deal with the fallout, from polluted waterways to damaged land.

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