Gold just smashed yet another record as trade tensions escalate globally. The uptick follows fresh tariff warnings aimed at European nations, signaling how quickly geopolitical friction can reshape precious metal valuations. Throughout 2025, gold has already surged 64%—a staggering rally. But here's the real question: is this momentum sustainable, or are we approaching exhaustion? Market analysts point out that while safe-haven flows continue supporting prices, the underlying catalysts matter enormously. When tariff disputes dominate headlines and currency volatility spikes, gold becomes the go-to hedge. Whether this run can sustain itself depends largely on how trade tensions evolve and whether traditional assets continue pulling capital from risk-on positions.