Gold hit a record at the start of the new quarter as a major escalation in US President Donald Trump’s trade tariffs due this week heightened concerns about the global economy and fanned haven demand.
Bullion neared $3 150 an ounce, on pace for a fourth day of gains. Traders are on edge as Trump plans to announce sweeping levies on all of America’s trading partners on Wednesday, raising the risks of retaliatory measures.