Gold notched a record high on Wednesday but dipped by 0.2% the following day, settling at $3,636.90 a troy ounce. Even so, it remained the fourth-highest close for the front-month contract, underscoring continued investor interest in the metal’s performance.

The rising tide of gold prices is reshaping investment landscapes, drawing both seasoned investors and central banks towards mining stocks. This convergence signals a significant shift in global investment strategies influenced by the precious metal’s ascent.