Gold has surged above $3,100, reaching unprecedented heights as market anxiety intensifies and U.S. tariffs loom. Major financial institutions, including Goldman Sachs and Morgan Stanley, predict that prices could rise even further, with forecasts suggesting potential peaks of up to $4,500 by 2025. The market is witnessing significant inflows into gold, reflecting a growing demand for safe-haven assets amid escalating trade tensions and economic uncertainty. Analysts suggest that the current trend marks the best quarterly performance for gold in nearly four decades, attributing the surge to a variety of factors, including increased buying from Chinese insurers and investor fear surrounding the impact of tariffs. With prices hitting record highs and analysts warning of ongoing volatility in the stock market, many are left wondering how high gold can ultimately climb.