Overview

• Spot prices climbed to about $4,078 per ounce early Monday, with euro quotes near €3,505–€3,510.
• Monday’s peak is the seventh new high in the past eleven trading days, extending a multi‑week surge.
• The advance follows President Donald Trump’s proposal for 100% tariffs on Chinese imports and Beijing’s threat of countermeasures.
• Additional drivers cited include wars in the Middle East and Ukraine, central‑bank purchases, and expectations for lower U.S. interest rates.
• Gold is up roughly 55% year to date, outpacing most assets, while Bitcoin pulled back to about $115,000 after a brief record above $126,000 and silver has risen around 70% to roughly $51 per ounce; figures reflect intraday spot prices that can change before the close.