NEW YORK (AP) — Global markets continue to decline due to concerns over President Donald Trump’s protectionist trade policies, prompting investors to flock to gold, which hit another record high on Monday. Trump’s new tariffs, termed ‘Liberation Day,’ are set to roll out Wednesday. Gold often becomes more attractive during uncertain times as investors seek safe havens. Prices have surged as Trump’s tariff policies have initiated an international trade war, unsettling financial markets and potentially reigniting inflation for families and businesses. Analysts suggest gold prices could continue climbing if trends persist, though they remain volatile. On Monday, New York spot gold reached a record $3,122.80 per troy ounce, up 40% from a year ago. Gold futures also hit a record near $3,157.40 an ounce. This rise is largely attributed to uncertainty surrounding Trump’s escalating trade war and global geopolitical tensions.
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