Gold breaks to new all-time highs on Thursday.  Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.  XAU/USD is overbought but rallying and in an uptrend on all timeframes.  Gold (XAU/USD) trades higher, breaking above the previous record highs and reaching a new all-time high in the $2,680s per troy ounce on Thursday. Falling global interest rates, an escalation of the conflict in the Middle East, and a weaker US Dollar (USD) due to increased odds of the US Federal Reserve (Fed) continuing with its aggressive monetary easing strategy, are all factors propelling its bull run.  Gold breaks to record highs Gold rallies to a new record high in the $2,680s on Thursday. The decisions by the People’s Bank of China (PBoC), Swedish Riksbank and Central Bank of Czech Republic to slash interest rates over recent days is advantageous for Gold as it lowers the opportunity cost of holding the non-interest-paying asset, making it more attractive to investors. A further upside factor is the escalation of the conflict between Israel and Hezbollah. On Wednesday, amid continued missile exchanges between the two enemies, the head of the Israeli Defence Forces, Herzi Halevi, told his troops in northern Israel that they should prepare for a ground offensive on Lebanon. If such an invasion should take place, it will further ratchet up risk aversion and increase safe-haven flows into the yellow metal.