Overview Gold futures have decisively broken prior records, surging past US$3,400 per ounce and extending year-to-date gains beyond 25% as escalating US-China trade tensions and anxieties over reciprocal tariffs ripple through markets. Recent events, such as major corporate warnings (e.g., Nvidia's $5B potential hit), act as potent catalysts, accelerating the flight to perceived safety and driving gold significantly higher. This rally reflects a fundamental shift in investor sentiment and positioning,...