The Financial Post reports in its Wednesday edition that gold prices are soaring, breaking records with a rise to over $3,650 as of mid-September. The Post's Gabriel Friedman writes that in March, gold first crossed $3,000 per ounce and hit $3,500 in April. This marks a big shift from 2019, when gold was below $1,300 per ounce. Advocates, known as "gold bugs," cite its value as a hedge against inflation and a safe asset during uncertainty. Maison Placements Canada analyst John Ing says: "Gold is a classic hedge. It's a store of value, and it has maintained its value in inflationary times and deflationary times." Now, gold is rising because of what he calls "the age of uncertainty," a geopolitical restructuring that is causing new tensions in the financial system. That has driven investment away from U.S. debt and toward gold. Beyond that, Mr. Ing says countries are re-evaluating the role that the U.S. plays in the global economy and the relative safety of the U.S. dollar as a store of value. He says President Donald Trump's pressures on the Federal Reserve make it look less independent and the greenback less safe. Mr. Ing says: "We know the dollar is overvalued. ... We know the American debt level is unsustainable."