Gold Prices Surge on Geopolitical Uncertainty and Trade Concerns

Gold prices saw a 2% jump on Monday as investors turned to safe-haven assets amidst escalating tensions between Russia and Ukraine and renewed trade concerns. The move follows a Friday announcement from U.S. President Donald Trump, who raised tariffs on imported steel and aluminum from 25% to 50%. This action sparked worries of retaliatory measures from Europe, further adding to market volatility.