Gold hits record high for the 36th time this year, investors' enthusiasm raises concerns about bubble.

The gold market continues to be hot. On Monday, the price of gold futures for December delivery on the New York Mercantile Exchange rose by $69.30, a 1.9% increase, closing at $3775.10 per ounce, the highest closing price on record for the most active contract. This is the 36th time this year that gold has set a new historical closing record, with a cumulative increase of 43% since the beginning of the year, far exceeding the inflation-adjusted historical peak of 1980. This has sparked intense debate in the market about whether the rise in gold prices is excessive.