Gold continues its unprecedented historic rise, approaching a breakthrough of $4,100
Gold jumped to a new record high on Monday, nearing the $4100 per ounce barrier, driven by a wave of demand for safe havens amid escalating trade tensions between the United States and China, and increasing expectations for interest rate cuts from the U.S. Federal Reserve.
This rise followed U.S. President Donald Trump's threat on Friday to impose a 100% tariff on Chinese imports to the United States, and his announcement of new restrictions on the export of sensitive software by November 1, in response to China's actions regarding rare earth elements and minerals. Beijing defended its decision on Sunday and deemed it justified, but refrained from imposing additional tariffs on American goods.
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BTC
101,840.58
-0.61%
