"Gold Prices Surge as Costco's Bullish Sales Drive Safe-Haven Rush"

Gold prices have surged to a new record high near $2,430, despite a strong U.S. dollar and hawkish U.S. interest rate expectations. Geopolitical tensions in the Middle East have further boosted gold, but bearish risks are growing due to stretched markets. Possible explanations for gold's ascent include speculative frenzy, hedging against an economic downturn, and betting on a Fed rate cut triggering inflation. Technical analysis suggests support at $2,305 and $2,260, with resistance at the record high of $2,430.