Gold prices surged past an all-time high of $3,650 per ounce Tuesday, signaling investors are turning to precious metals as a safe haven in the face of economic uncertainty. Despite near constant speculation about potential interest rate cuts by the Federal Reserve, gold’s upward trend is particularly noteworthy given ongoing inflationary pressures and fears of a recession. The article analyzes how the Fed’s dilemma – balancing inflation control with potential recessionary pressure – is driving this trend. It highlights past examples of gold outperforming other asset classes during periods of economic uncertainty, while also exploring the impact of political actions and market dynamics on gold prices.