Gold prices jumped more than 1% on Monday to hit a record high, as safe-haven demand surged on fears of a global trade war after U.S. President Donald Trump announced new tariff plans. Spot gold was up 1.

The U.S. dollar was rising Monday after President Donald Trump promised more tariffs. Trump said on Super Bowl Sunday that he would impose 25% duties on steel and aluminum imports, as well as so-called reciprocal tariffs targeting any country that has hiked levies on goods from the U.

The dollar firmed on Monday as fresh threats of tariffs from U.S. President Donald Trump dented risk sentiment, casting a shadow over commodities markets and putting pressure on the euro and the Australian and Canadian dollars.

Patriotic sentiment is bursting in Canada after President Trump’s threat to apply hefty tariffs and even annex the country. The damage to the two nations’ relationship could be lasting.

Ms Sheinbaum (pictured) won praise at home and abroad for her handling of her mercurial American counterpart. Throughout the confrontation her demeanour was respectful but firm. When Mr Trump ordered tariffs on February 1st, she told her team to prepare countermeasures, but did not publicise the details.

South Africa's rand weakened early on Monday in the wake of U.S. President Donald Trump announcing fresh tariff plans, adding to worries over a global trade war.

Gold rose to a record after US President Donald Trump said he would announce tariffs on steel and aluminum imports Monday, adding to increasing uncertainty in global financial markets.

U.S. stock index futures ticked up on Monday, recovering some losses after the last session, with steelmakers leading the gains after U.S. President Donald Trump said he would

Gold prices extended their winning run on Monday to hit another record high as U.S. President Donald Trump said he will impose 25% tariffs on all steel and aluminium imports.