President Donald Trump's decorators aren't the only ones bringing gold back into fashion.

Investors, money managers and central banks across the world have piled into gold this year, pushing its price about 50% higher and setting a series of records in the process. Gold is approaching $4,000 per ounce for the first time.

Gold, often seen as a haven during times of turmoil, is on course for its best year since 1979, when prices surged over 100% during a period of high inflation, a depreciating dollar and a geopolitical crisis in the Middle East.

There are uncomfortable echoes of that past surge today, said analysts, who attributed the recent rise in gold prices to demand from investors looking to shift away from U.S. assets at a time of political upheaval and uncertainty, highlighted by

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