Gold Rise: Increase Above $2,900 An Ounce, Guoyed By rade Tension AN INCREASE ABOVE $2,900 AN OUNCE, GUOYED BY TRADE TENSION

Gold prices hit an all-time high of $2,920 an ounce, buoyed by demand for safe havens in the face of fresh threats of tariffs from the Trump administration. On Sunday, the US President announced additional tariffs of 25% on steel and aluminium imports, fuelling fears of an escalating trade war and rising inflation.

Investors are turning to gold for protection, while US inflation data due this week could confirm these concerns. A situation that is keeping pressure on the financial markets.

source: ecomatin