Gold prices surge over 2% to $3,353/oz as trade tensions and geopolitical risks boost demand.

Gold prices have surged over 2%, reaching $3,353 an ounce, driven by safe-haven demand amid rising global trade tensions and geopolitical risks. The increase is fueled by renewed U.S. tariff threats from President Trump to double tariffs on steel and aluminum imports and escalating tensions between Russia and Ukraine. The weaker U.S. dollar also boosts gold's appeal to international buyers. This surge reflects investor flight to safety amid economic and political uncertainties.