Gold price surpasses US$ 3,100 for new record high on Mon.

The price of gold has soared to a new record high ahead of the announcement of reciprocal tariffs by U.S. President Donald Trump's administration this week.

The price of spot gold peaked at $3,128.06 on Monday, continuing a surge that has seen it gain over 18% since the start of the year.

Experts say the rise is due to heightened demand as investors seek safe-haven assets amid economic uncertainty and escalating global trade tensions.