"Gold Reaches Record High Amid Central Bank Buying and Geopolitical Tensions"

Gold prices have surged to a record high, driven by investors seeking high-return assets in anticipation of interest rate cuts and a momentum trade. Costco has seen a buying spree for gold bars, with estimated monthly sales of $100-200 million, while central banks and institutional investors have also joined the gold craze. Despite low activity in gold ETFs, gold is viewed as a hedge against geopolitical unrest, and investors can put money into gold through various means, although caution is advised as bullion typically generates modest returns after reaching an all-time high.