Gold rises above $3,100 for first time as U.S. levies boost havens

From bnnbloomberg.ca

Gold started the week with a fresh record high, ahead of U.S. President Donald Trump’s expected latest tariff barrage that’s heightened concerns of a global trade war. Bullion gained as much as 0.9% to top $3,115 an ounce, beating the previous all-time high set on Friday when it recorded a fourth weekly gain, with prices supported by growing haven demand amid a risk-off mood for markets. Trump last week signed a proclamation to slap a 25% tariff on auto imports, while traders also bracing for the White House’s so-called reciprocal tariffs due Wednesday. Gold is up about 18% this year in a run that’s seen it ... (full story)