Gold price continues scaling new record highs amid trade jitters, bearish USD

  • Gold price (XAU/USD) regains strong positive traction following Friday's modest downtick and climbs to a fresh all-time peak, closer to the $3,400 mark at the start of a new week. Trade war concerns continue to fuel recession fears and weigh on investors' sentiment, which is evident from a weaker tone around the equity markets and driving flows towards the traditional safe-haven precious metal.