Gold surged to an unprecedented peak of approximately $3,130 per ounce on Tuesday, marking its fourth consecutive session of record-breaking gains. This surge is attributed to investors gravitating towards the safe-haven asset in anticipation of President Donald Trump's implementation of tariffs, which has amplified fears of a global trade war. President Trump has announced that the forthcoming reciprocal tariffs, effective Wednesday, will encompass all nations, extending beyond a select group of 10 to 15 countries. Furthermore, additional tariffs on automobiles are slated for imposition on Thursday. In the prior trading session, gold experienced its most significant quarterly gain since September 1986, bolstered by expectations of interest rate cuts, central banks augmenting their gold purchases, and a robust demand for exchange-traded funds (ETFs). Concurrently, investors are vigilantly observing crucial labor market indicators, such as today’s job openings report, Wednesday’s ADP employment statistics, and Friday’s non-farm payroll figures, to glean further insights into the Federal Reserve's trajectory for adjusting interest rates.