New Delhi, April 2 -- As US President Donald Trump sends shockwaves through global markets, one asset class that stands gleaming is gold. On Tuesday, its price reached a new record high of nearly $3,150 per ounce in the international market amid concerns over the global economy taking a big hit once Trump's reciprocal tariffs come into force from 2 April in the US.

That his tariffs will fuel inflation is prompting investors to seek refuge in the safety of gold. Then there's the effect of uncertainty over the US dollar's fate, not to mention other "safe assets" like Treasury bonds. Not just individuals, even central banks have been stacking up bulky bullion buys.

America's blatant weaponization of its commercial dominance has driven coun...