The price of gold (XAU/USD) opened with a noticeable gap higher, lifting its value dramatically in early trading on Monday. This surge is attributed to escalating tensions in Ukraine, alongside President Trump’s threats to impose harsher tariffs on steel and aluminum imports.

The political climate is further complicated by the recent victory of a Eurosceptic candidate in Poland’s presidential election. Such geopolitical factors continue to play a significant role in driving gold prices, making it essential for investors to monitor these developments closely.