Gold prices climbed to four-month highs, reaching $2,757.10 as investors digest President Trump’s widening trade threats against China and the EU, following similar measures targeting Canada and Mexico. The precious metal’s rally reflects growing safe-haven demand amid concerns that Trump’s trade and immigration policies could reignite inflation and complicate the Fed’s monetary easing strategy. Gold’s momentum builds on last year’s record performance, which was driven by Fed rate cuts, geopolitical tensions, and central bank purchases.