Gold price is $50 away from new record high

Odaily Planet Daily News Gold prices moved toward record highs on Monday as the escalating conflict between Israel and Iran prompted investors to turn to safe-haven assets. In early Asian trading on Monday, gold prices rose 0.6% to above $3,450 an ounce, about $50 away from the all-time high set in April. The sudden rise in geopolitical risks has added more momentum to the rise in gold prices, which is mainly driven by the threat of Trump's radical tariff agenda to global economic growth. Gold has risen by more than 30% in 2025, and central banks seeking to diversify away from the US dollar is another important driving force. (Jinshi)