AsianFin -- Gold soared to a new record high at the start of the week, as investors sought safe-haven assets ahead of President Donald Trump’s anticipated tariff measures, which have intensified fears of a global trade war.
The precious metal climbed as much as 0.9%, surpassing $3,115 an ounce and breaking its previous all-time high set on Friday. This marks gold’s fourth consecutive weekly gain, driven by rising demand for stability amid increasing market uncertainty.
Last week, Trump signed a proclamation imposing a 25% tariff on auto imports, while traders are bracing for the White House’s upcoming announcement of reciprocal tariffs, expected on Wednesday.
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