Meanwhile, there is real money: $2,905.98 the ounce, the seventh record gold price this year

gold content: about $542 at today's high

Gold prices jumped more than 1% on Monday to hit a record high, as safe-haven demand surged on fears of a global trade war after U.S. President Donald Trump announced new tariff plans.

Spot gold was up 1.3% to $2,897.99 per ounce after hitting a record high of $2,905.98 earlier in the session — its seventh record this year.

U.S. gold futures rose 1.2% to $2,923.1.

“The precious metal is set to retain its upward bias, as long as President Trump’s policy threats continue to stoke fear and uncertainty through global financial markets,” said Exinity Group chief market analyst Han Tan.

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PM Update:

Spot gold surged 1.5% to $2,903.53 per ounce after hitting a record high of $2,911.30 earlier in the session.