Gold hits record high

Gold has reached a record high and aluminium prices rose after Donald Trump said he would impose new 25% tariffs on steel and aluminium imports into the US, rattling financial markets, The Guardian writes.

Gold has been rising in recent weeks, amid concerns over the impact of Trump’s policies. It has gained 10% since the start of the year․

Speaking to reporters onboard Air Force One, the U.S. president said he would announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, matching the tariff rates levied by other countries. “Very simply, it’s: if they charge us, we charge them,” Trump said.