Dollar Tumbles Amid Trade Tensions as Gold Hits New High

The US Dollar Index plummeted to its lowest level in three years, hitting 98.23 on Monday amid escalating global trade tensions initiated by President Trump.

This decline represents a continuation of the dollar's downward trend since the beginning of 2025, with the index falling more than 10% during this period.

Gold prices surged to an all-time high of $3,380 per ounce, gaining 29% in dollar terms this year as investors increasingly seek safe-haven assets amid growing currency concerns.