Gold prices rose 2% on Monday under the influence of the escalation of the Russia-Ukraine conflict and Trump threatening to impose additional tariffs. Trump plans to raise tariffs on steel and aluminum to 50%, prompting warnings from the EU. Trade and geopolitical concerns have driven investors to turn to safe-haven gold, with gold prices rising and supported by the fall of the dollar.
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Gold prices rose 2% on Monday under the influence of the escalation of the Russia-Ukraine conflict and Trump threatening to impose additional tariffs. Trump plans to raise tariffs on steel and aluminum to 50%, prompting warnings from the EU. Trade and geopolitical concerns have driven investors to turn to safe-haven gold, with gold prices rising and supported by the fall of the dollar.