<ul data-eligibleForWebStory="false"><li>Gold prices rose as traders sought safe-haven assets amid renewed tariff threats from President Trump towards the European Union and Mexico.</li><li>Bullion traded near $3,370 an ounce, up 0.6% from the previous week, as Trump imposed a 30% tariff rate effective next month.</li><li>The escalating trade tensions have increased gold's appeal as a safe asset, with prices hitting record highs this year. Trump's trade policies have brought uncertainty to markets, prompting investors to turn to gold for security.</li><li>Spot gold reached $3,372.75 an ounce in Singapore trading, with silver also rising. Trump's trade ultimatums and geopolitical tensions have contributed to gold's rally this year.</li></ul>

Gold gains as Trump doubles down on tariffs before deadline

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