💨 Abstract

Gold prices reached an all-time high on Monday due to safe-haven inflows, driven by concerns of inflation resulting from U.S. President Donald Trump's tariffs on Canada, China, and Mexico. These tariffs have raised fears of a trade war that could slow global growth and fuel inflation. The market expects higher gold prices if the trade war continues, viewing gold as a safe-haven investment during economic or geopolitical instability.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖