Gold rose on Monday and hovered near record-high levels touched in the previous session, as investors sought refuge in the safe-haven asset after U.S. President Donald Trump’s fresh tariff plans sparked fears of a global trade war.
Spot gold was up 0.8% at $2,882.50 per ounce, as of 0610 GMT, after hitting a record high of $2,886.62 on Friday.
U.S. gold futures rose 0.7% to $2,908.
