in nearly four weeks, supported by strong safe-have demand. On Monday, bullion surged 2.8%, its strongest single-day gain since May 6th, as investors reacted to escalating trade and geopolitical tensions. US President Donald Trump threatened to double tariffs on steel and aluminum starting Wednesday, further straining relations with trade partners. Simultaneously, tensions between Washington and Beijing intensified after Trump claimed China had violated a trade agreement with the US. Markets now look forward to a potential meeting between President Trump and Chinese President Xi Jinping after the White House confirmed the two leaders are likely to speak later this week. Meanwhile, Russia and Ukraine held their second round of direct peace talks on Monday, following a significant escalation in hostilities, but made no progress toward ending the conflict.