Gold climbed to its highest intraday level since the end of October, with traders monitoring the outlook for the global economy as US President Donald Trump continued sketching out his views on trade and immigration policies.

Gold held near the highest level since October, as traders considered the impact President Donald Trump’s latest tariff threats against China and the European Union could have on the global economy. Bullion was trading near $2,

These tariffs are expected to affect various sectors, potentially disrupting international supply chains and increasing operational costs for American businesses reliant on imported goods. Tariffs have been used since the 18th Century but aren’t a regularly implemented piece of an administration’s economic plan.