Gold prices jumped over 2% on Monday as global tensions escalated.
The surge was driven by drone attacks between Russia and Ukraine, growing trade disputes between the US and China, and President Trump’s threat to double steel and aluminum tariffs.
With the US dollar weakening, gold became more attractive to international buyers. Despite pulling back from its April record of $3,500 per ounce, gold has still gained more than 25% this year, reaching $3,353.69 on Monday morning in London.
Original Source: Yahoo Finance
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