Gold prices reached a new all-time high of $2,956 on Monday, only for traders to face a quick decline. Currently, the precious metal is trading around $2,940. Ongoing developments reveal that the US administration is planning to impose stricter controls on technological advancements in China. These geopolitical tensions have significant implications for gold and investor sentiment. As market watchers navigate through these complexities, the demand for gold as a safe haven asset remains pivotal. Investors will need to assess the global landscape as these developments unfold.