Gold hitting a new all-time high isnt just a milestone. Its a message.
Yes, the message is that investors are fleeing the collapsing stock market and into gold.

A message that sound money is back in focus.
Gold has not been used as money for a long time. It is a kind of investment tool, but I would call it a protective (from inflation) financial tool.
In an era of monetary debasement and global uncertainty, both gold and Bitcoin are shining.
I would argue about this glow, because due to inflation it is difficult to say whether there is a real increase in value.
Here gold has risen in price to the value in dollars, but money has also depreciated during this period. Therefore, this increase in price is formally there, but in fact it is not (if we compare the ratio of gold to real goods, for example).