In 2024, gold prices have surged to record highs, defying traditional market correlations with the U.S. dollar and equity markets. This surge has driven increased physical gold transactions, with strong demand from central banks and continuous buying from China. In the U.S., investors are purchasing gold from various sources, including popular retail chains like Costco. Terry Hanlon, president of Dillon Gage, notes busy activity from both buyers and sellers, driven by geopolitical concerns and inflation. The World Gold Council reports a 3% year-over-year increase in gold demand in the first quarter of 2024, marking the strongest first quarter since 2016.