Gold prices set a new record on Monday, as investors invested their investment in safe shelters after the resurgence of US President Donald Trump’s threats to impose duties in China, while expectations to reduce US interest rates.

Silver has also risen to historical highs, following the rise of gold.

Gold is negotiating at $ 4,077.22 per ounce with a rise of 1.54%, while silver is negotiated at $ 51.69 with a rose 3.20%.

Trump rekindled the US trade war with China on Friday, threatening 100% duties on the imports of Chinese products in the United States and announcing new controls on critical software exports by November 1, in retaliation in Beijing’s decision to reduce critical exports.

However, Trump, in a post on Truth Social on Sunday, wrote: “Don’t worry about China, everything will go well!”

Commercial tensions remain at the center of markets, said UBS analyst Giovanni Staunovo, adding that “while relaxing between the US and China, the threat of 100% additional duties have remained.”

Bank of America increased its predictions for precious metal prices on Monday, raising the prospects for 2026 for gold to $ 5,000 per ounce and silver to $ 65 per ounce.