spiking 3% to $3,066, driven by escalating trade tensions between the U.S. and China specifically#Trump's tariffs and China's retaliatory measures. These tensions have led investors to seek safety in traditional “safe-haven” assets like gold, reflecting broader fears of global economic instability.

Investor Behavior: This is a classic example of how geopolitical events drive market behavior. In uncertain times, gold often becomes a refuge due to its perceived stability.Economic Implications: Rising gold prices often signal declining investor confidence in fiat currencies and equity markets.