Gold (XAU/USD) continues its ascent, achieving a record high above $2,945 during European trading on Wednesday. This surge comes after United States President Donald Trump announced expanded tariffs, escalating concerns over international relations, particularly regarding Ukraine. Traders are growing anxious as dialogues between the US and Russian officials unfold, questioning the viability of peace agreements. This uncertain environment has sparked a bullish sentiment for gold, positioning it as a safe-haven asset. Analysts suggest that ongoing geopolitical tensions will keep gold prices buoyant as investors seek stability amidst market volatility. Monitor the trends in gold prices as developments evolve.