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Gold surges past $3 100 as US tariffs, uncertainty propel safe-haven flows
Gold prices on Monday soared above $3 100/oz for the first time as concerns around US President Donald Trump's tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset. Spot gold prices hit a record high of $3 106.50/oz. Gold prices have hit multiple record highs, gaining more than 18% so far this year - capitalising on its cachet as hedge against economic and geopolitical turbulence.
Gold prices on Monday soared above $3 100/oz for the first time as concerns around US President Donald Trump's tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset.
Spot gold prices hit a record high of $3 106.50/oz.
Gold prices have hit multiple record highs, gaining more than 18% so far this year - capitalising on its cachet as hedge against economic and geopolitical turbulence.
