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Spot Gold Nears Record $4,100 as Trade Tensions Flare

The yellow precious surged toward $4,100 an ounce on Monday after President Trump reignited U.S.-China trade tensions with threats of 100% tariffs and tighter tech export controls.

The move rattled markets and spurred demand for safe-haven assets. Although Trump later softened his tone, Beijing’s firm response kept traders on edge.

Spot Gold, up over 50% this year on safe-haven flows, rate-cut bets, and central bank buying, continues to benefit from renewed geopolitical and market uncertainty.

For now, momentum favours the downside as profit-taking returns, with the technical layout having rebounded: the RSI is above the mid-point, the MACD remains positive, and the ADX signals are neutral to overheated bull trend.

As the fresh demand returns, bullish eyes look to $4,100. Reassess from there.

Daily Chart Spot Gold

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