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Gold prices have reached record levels, trading at $3,179 per ounce with a rise of 3.02%, due to increasing global economic uncertainties and escalating trade tensions. Trump's decision to raise the tariff rate on China to 145% and China's statement that "we will fight to the end" have increased demand for safe havens. The drop in the U.S. Consumer Price Index (CPI) to 2.4% has strengthened expectations that the Fed may cut interest rates in May, further enhancing gold's appeal. From a technical perspective, the yellow metal is trading close to record high levels and is attempting to break the resistance at $3,275 today. While the RSI indicator shows strong upward momentum, analysts are targeting a short-term range of $3,185 to $3,205 for gold. As demand for physical gold and central banks' efforts for reserve diversification continue, the People's Bank of China is also maintaining its gold purchases. As long as the support levels of $2,950 to $3,040 are held, gold prices are expected to maintain an upward trend in the medium term. It is anticipated that gold has gained nearly 25% in the last quarter and that deepening trade wars could further increase demand for gold.