Gold climbed nearly 1% to around $5,150 per ounce on Monday, reaching its highest point in over three weeks as renewed tariff worries prompted a rush to safe-haven assets. On Saturday, US President Donald Trump announced plans to raise global tariffs from 10% to 15%, following the US Supreme Court’s rejection of his “reciprocal tariffs.” Trump confirmed the new duties would take effect immediately, although it remained unclear whether he had signed any official document. Meanwhile, Europe’s trade commissioner signaled on Sunday a proposal to halt ratification of the trade deal with the U.S, while India postponed negotiations aimed at finalizing an interim trade deal with Washington. Investors also faced growing fears of a potential US military strike on Iran, with nuclear talks at an impasse. However, negotiators are scheduled to meet again in Geneva on Thursday.
