Gold hit fresh record highs in Asian trade on Monday, closing in on the $4,100 mark as traders doubled down on the “buy the dip” theme. Every pullback is being treated as an opportunity rather than a warning sign.
Spot gold reached $4,077 before easing slightly to $4,071 by 09:30 GMT. The metal has jumped more than 50% this year, fuelled by expectations of lower US interest rates, steady central bank purchases, and persistent geopolitical uncertainty.
Investor focus remains on US-China trade tensions. Last week, President Donald Trump threatened tariffs of up to 100% on Chinese imports and tighter export controls on key technology, sending markets scrambling for safe havens. Over the weekend, Trump’s comments softened, telling markets to “not worry about China,” but caution remains. Beijing responded that it is “not afraid” of a trade war and will defend its interests, keeping traders alert.
Gold’s resilience shows in how quickly dips are bought. Even after brief pullbacks, investors step in, confident that any weakness is temporary. With trade uncertainties and a dovish Fed backdrop, bullion’s path still looks upward.