The Australian dollar gold price hit an all-time record high this week, briefly reaching $3,130 an ounce on Friday morning. The rise was driven by international uncertainty, in particular the ongoing conflict in the Middle East, with Australian dollar gold price records having been set weekly since the conflict began.

The world is currently facing a number of geopolitical tensions, including the ongoing conflict in the Middle East, the ongoing trade war between the US and China, and the ongoing tensions between Russia and the West. These tensions have led to a growing sense of uncertainty and instability in the global economy, which has in turn led to a rise in the price of gold. 

In conclusion, the price of gold is on the rise due to the growing global uncertainty and geopolitical tensions. It is important to keep an eye on these tensions and their potential impact on the global economy. Investors looking for financial safe haven amid intensifying conflict in the Israel-Gaza war and growing global uncertainty have sent the price of gold to record levels.