Global markets are continuing to decline due to concerns over President Donald Trump's trade policies, leading investors to flock to gold, pushing futures to a new all-time high on Monday. Trump is set to announce a new round of tariffs on Wednesday, which he has dubbed “Liberation Day.”

During times of uncertainty, such as the current trade war initiated by Trump, investors often turn to gold as a safe haven for their money. As a result, gold prices have surged, hinting that they may continue to rise in the coming months. However, it is essential to note that precious metals, including gold, are volatile assets, and their future performance is unpredictable.

In terms of prices, New York spot gold reached a peak of $3,122.80 per troy ounce on Monday, marking a significant increase compared to a year ago. Meanwhile, gold futures also hit a new high of approximately $3,157.40 per ounce during trading.

The surge in gold prices can be attributed to the prevailing uncertainty in global markets, largely influenced by Trump's trade actions. The erratic imposition of tariffs and retaliatory measures by other countries have contributed to economic instability, leading to fears of inflation and price hikes for consumers and businesses.

Investing in gold is often considered a safe strategy during uncertain times, as it can diversify investment portfolios and potentially offer long-term value growth through tangible assets. Gold has also seen increased demand from central banks worldwide amidst geopolitical tensions in regions like Gaza and Ukraine.