This Monday, gold prices hit a new record. Investors strengthen their safe haven positions after US President Donald Trump has renewed his threat of tariffs against China.

Spot gold rose by 1.4% to $4,074.02 per ounce at 08:25 GMT, after reaching a record of $4,078.05/oz.

American gold futures for deliveries in December increased by 2.3% to $4,093.50.

On Friday, Donald Trump rekindled the war trade between the United States and China, threatening to impose tariffs 100% customs on imports of Chinese products and announcing new export controls on strategic software by November 1st. This decision follows the limitation by Beijing of exports of critical minerals.

The ingot, which does not generate returns, has increased by 53% since the start of the year, supported by risks geopolitics, the massive purchase of gold by central banks, flows to exchange-traded funds, Fed rate cuts expectations, and economic uncertainties related to prices.

Money has also jumped to a level never seen before, following the upward trend in gold. Cash has jumped by 2.2% to $51.37/oz, after reaching $51.70/oz, driven by the same factors as gold, as well as by a tension on the market in counting.

Platinum increased by 3.3% to $1,639.50, while palladium gained 2.9% at $1,446.48