Gold has reached a new all-time high of $4,710, driven by economic uncertainty, geopolitical tensions, and inflation concerns. As traditional markets face volatility, investors are increasingly turning to gold as a safe-haven asset. The surge in prices is fueled by heightened demand from both institutional and retail investors, with central banks also boosting their gold reserves, tightening market supply. Several factors are contributing to the gold rally, including its role as an inflation hedge, the weakening of fiat currencies like the U.S. dollar, and ongoing geopolitical tensions. Technical analysts highlight bullish patterns and momentum buying as additional drivers. Market analysts suggest that if current conditions persist, gold could test even higher levels in the coming months.