Gold prices skyrocketed on Monday, reaching an all-time high as investors sought refuge in the precious metal. The surge followed U.S. President Donald Trump’s announcement of new tariffs, sparking fears of a global trade war. In spot transactions, gold prices climbed to $2,894 per ounce, reflecting heightened market uncertainty. 

Tariffs and Market Reactions 

🔹 President Trump warned of a 25% tariff on steel and aluminum imports, with more measures expected soon. 
🔹 The move raises concerns about higher inflation and reduced room for future interest rate cuts. 
🔹 Investors turned to gold as a hedge against economic instability and market volatility. 

Why Gold? 

Gold has long been a preferred safe-haven asset, especially in times of geopolitical and economic uncertainty. With fears of rising costs, potential trade disruptions, and fluctuating monetary policies, traders are increasingly shifting towards gold to protect their portfolios. 

What’s Next for Traders? 

As market uncertainty grows, traders should stay informed and adjust their strategies accordingly. DB Investing provides expert insights, real-time market updates, and top-tier trading tools to help investors navigate volatile conditions. 

Conclusion 

Gold’s record-breaking surge reflects growing investor uncertainty amid escalating trade tensions. As global markets react to tariff announcements, the demand for safe-haven assets like gold continues to rise. With inflation concerns and potential interest rate shifts on the horizon, traders must stay informed and adapt their strategies accordingly.