According to Odaily, the uncertainty surrounding U.S. President Donald Trump's tariff plans has led to a continued influx of safe-haven investments into gold. On Wednesday, spot gold rose by 0.3%, reaching a new all-time high. Jim Wyckoff, a senior market analyst at Kitco Metals, noted that the chaotic nature of the Trump administration has increased demand for safe-haven assets, and bullish chart patterns are also evident. Analysts from Commerzbank stated in a report that central bank gold purchases are expected to continue supporting gold prices.