Online reported that gold prices hit a record high on Monday, as concerns about the escalating global trade war and unclear geopolitical prospects enhanced gold's appeal as a safe-haven asset and an inflation hedge. Gold futures rose 1.3% in early trading to US$3,154.40 an ounce. So far this year, gold has risen by more than 19%, and its upward trend is expected to continue. Analysts at ANZ's Economics and Market Research Department said: "Strong investment inflows, resilient physical demand and increased central bank purchases will keep gold strong." Traders are currently waiting for the scope of matching tariffs that President Trump is about to impose on major trading partners, which could increase inflationary pressures and potentially slow global economic growth.