Gold prices are approaching record highs, driven by concerns over a potential trade war sparked by Trump's recent threats against major trading partners like Mexico, Canada, and China. Geopolitical tensions, particularly in Ukraine and the Middle East, further support the precious metal's appeal.As the Fed and ECB prepare for upcoming monetary policy meetings, the prospect of lower interest rates could enhance gold's attractiveness as an interest-free investment. Investors are eyeing the significant $3,000 mark, with technical indicators suggesting potential support around $2,720.