US President Donald Trump is set to unveil sweeping new trade tariffs on his trading partners, sparking concerns over global economic instability and driving up demand for safe-haven assets like gold. On Monday, gold prices broke a record, reaching nearly $3,150 an ounce, as traders braced for the potential for retaliatory measures. The upcoming announcement has heightened tensions, leading to a fourth consecutive day of gains in the precious metal market.
Source: https://www.bloomberg.com/news/articles/2025-04-01/gold-xauusd-hits-fresh-record-as-trump-s-looming-levies-boost-havens