The all-time high (ATH) of XAU/USD happens due to several key factors influencing gold prices, including:
->Economic & Geopolitical Uncertainty
->FOMC Impact & Interest Rate Policies
->Physical Demand & Gold ETFs
->USD Weakness
For the latest ATH of Gold at 2,798 (Yesterday), it was likely driven by a mix of market concerns over global economic policies, FOMC decisions, and increased geopolitical tensions.