Price of Gold in 1994 Adjusted for Inflation

The highest price of gold was $397.50 per ounce in 1994. How much is that worth in current dollars when taking inflation into account? How much is an oz of gold in 1994 worth adjusted for inflation? The price reached a maximum price of 397.50/oz in 1994.
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$397.50 from 1994 to 2024 adjusted for inflation. We use the Consumer Price Index provided by the Bureau of Labor Statistics. They aggregate prices over time to determine the CPI.
How much is 397.50 in 1994 worth in current dollars?
What was the rate of inflation since 1994 on 397.50?
How has the cost of living changed since 1994?
What was the value of $397.50 in 1994? Every year, the US dollar is usually worth less due to inflation. We calculate what $397.50 in 1994 is worth now.