Gold prices climbed sharply on Monday morning, rising by over 2% as escalating geopolitical tensions and renewed tariff threats by U.S. President Donald Trump fueled demand for the precious metal as a safe-haven asset.
As of 9:57 a.m. Nigerian time, spot gold rose from $3,287.93 to $3,353.69 per ounce, marking a substantial increase in response to global uncertainty.
The fragile truce between the U.S. and China appears to be under strain, with both sides accusing each other of reneging on commitments made in their recent agreement.