"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 reached record highs, peaking at $3,508.50 per ounce on September 2, 2025, after multiple record breaks during the year. Elevated prices are driving diverse sources of supply, including consumer purchases at retailers, private sales of jewelry, and recovery of gold from electronic waste. Rising demand has attracted foreign mining companies to gold-rich regions in Africa, accelerating extraction activities. In Liberia, intensified mining operations have produced environmental and community harms, including polluted waterways and damaged land. Local populations are experiencing fallout from expanded extraction while economic incentives continue to fuel more mining and e-waste recovery.
Read at Business Insider
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