Gold prices have reached unprecedented heights due to economic uncertainty, geopolitical tensions, and strong demand from central banks. The New York spot price of gold closed at over $2,657 per Troy ounce, the highest recorded to date. The price of gold has climbed hundreds of dollars per Troy ounce over the last year and is up nearly 30% year to date. Interest in buying gold often comes during times of uncertainty, and geopolitical tensions and concerns about the job market have fueled fears about the future worldwide. Strong demand from central banks and recent stimulus measures in China are also contributing to gold's performance. However, experts caution against putting all investments in gold and advise investors to have a clear risk management strategy.