Mumbai, June 2 -- Gold prices soared above $3380 per ounce on Monday, jumping more than 2%, as investors rushed to safe-haven assets amid renewed geopolitical and trade concerns. Meanwhile, Russia-Ukraine tensions flared again after Ukraine's drone strike destroyed over 40 Russian warplanes, prompting a massive retaliatory missile barrage by Moscow. The spike in uncertainty comes just ahead of scheduled peace talks in Istanbul. In India, gold crossed Rs.97500 per 10 grams, gaining nearly Rs.1500. The rally followed President Trump's announcement to double tariffs on steel and aluminum imports to 50% starting June 4, intensifying trade tensions with China, which accused the US of breaking a recent tariff truce.
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