Gold started the week with a fresh record high, ahead of President Donald Trump’s expected latest tariff barrage that’s heightened concern of a global trade war.

Gold prices climbed to a new high as U.S. President Donald Trump's widening trade war prompts investors to seek refuge in the precious metal. In early trade, futures rose 1% to $3,090.30 a troy ounce and are up more than 8% on the month.

Gold prices surged to a record high on Friday, as investors flocked to the safe-haven asset amid fears of a global trade war triggered by U.S. President Donald Trump's latest tariffs.