Gold prices rallied at the start of the week, supported by escalating geopolitical tensions between Russia and Ukraine, alongside renewed tariff threats from U.S. President Donald Trump targeting steel and aluminum imports. These developments prompted investors to seek safety in traditional haven assets, led by gold.

U.S. stocks were mixed at midday after opening lower following President Trump's announced plans to double tariffs on imported steel and aluminum.

Wall Street's main indexes were mixed on Monday after President Donald Trump said he plans to double tariffs on imported steel and aluminum, fueling more uncertainty around U.S. trade policies. Trump said late on Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25% starting Wednesday,