Gold prices (XAU/USD) are experiencing a significant upward trend, reaching a new all-time high near $3,318 during Wednesday’s European trading hours. This bullish momentum is primarily driven by increasing global trade tensions, prompting investors to seek gold as a safe haven. As geopolitical uncertainties persist, the precious metal continues to attract attention from both institutional and retail investors. Understanding the market’s response to these volatile circumstances will be crucial for those seeking to invest in gold amid growing concerns about the global economic landscape.