Gold's climbing toward record levels right now, and it's not hard to see why. Geopolitical tensions are making investors nervous—always a catalyst for safe-haven buying. Add Fed rate cut expectations into the mix, and you've got a perfect storm for precious metals demand.

When central banks signal easier policy ahead, it typically weakens the dollar and makes gold more attractive. Meanwhile, ongoing global instability keeps traders reaching for hard assets as insurance. The combination of these factors is pushing bullion higher, catching the attention of both traditional investors and portfolio managers looking for diversification.