Gold prices, represented by XAU/USD, have surged to a fresh three-week high, reaching around 3370 during Monday’s European trading session. This increase marks the continuation of a four-day winning streak for the precious metal. The rise in gold prices comes as trade tensions escalate following the U.S. government’s decision to implement a 30% tariff on imports from major trading partners, including the European Union and Mexico. Investors are flocking to gold as a safe-haven asset, driving prices up as uncertainties in the global market mount. As tensions continue, gold may see further gains in the coming days.