Gold started the week with a fresh record high, ahead of President Donald Trump's expected latest tariff barrage that's heightened concerns of a global trade war. Bullion gained as much as 1.4% to $3,127.92 an ounce, beating the previous peak from 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 almost 19% this year...
Gold prices extended their stellar run on Monday, topping $3,100 per ounce to hit another record high, as uncertainty around tariffs that would stoke inflation and hinder economic growth lifted safe-haven demand and kept bullion on course for its strongest quarter since 1986. Spot gold rose 1% to $3,116.94 per ounce by 01:44 p.m. ET (1744 GMT), having hit a record of $3,128.06 earlier. U.S. gold futures rose 1.2% to settle at $3,150.30. "The ongoing uncertainty regarding tariffs has affected equity markets and brought another round of safe-haven buying into the gold market," said David...
Oil rose after US President Donald Trump suggested that the US may work to curtail crude shipments from Russia, the world's third-largest producer and a major exporter. West Texas Intermediate climbed 3.1% to settle above $71 a barrel, the biggest gain since before Trump took office, while Brent's June contract approached $75. Crude extended its advance on data showing lower-than-expected US production and positioning changes from algorithmic traders. Russia's crude exports hit a five-month high in March, and US sanctions on the nation's oil tanker fleet are...