Gold Reaches New High on U.S.-China Trade Rift

Core Viewpoint - Gold prices have reached a record high due to concerns over a potential renewed trade war between the U.S. and China following Trump's announcement of a new tariff increase on Beijing [1] Group 1 - The announcement of the latest tariff increase has heightened fears of escalating trade tensions [1] - Investors are flocking to gold as a safe-haven asset amid these uncertainties [1] - The increase in gold prices reflects market reactions to geopolitical risks and economic instability [1]