LONDON (Reuters) -World markets found steadier ground on Monday after being whipsawed by broadsides in the U.-China trade war, while gold hit new record highs in a sign that uncertainty remained high.

Doug McIntyre and Lee Jackson discuss the recent surge in gold prices, which have climbed toward $4,000 per ounce after years of steady gains. Lee explains that gold’s rise is being fueled by investors seeking alternatives to an overheated stock market and by heavy buying from central banks,

Gold for December delivery, a most-active contract, was up 2.8% at just above $4,110 per ounce Monday morning, amid lingering concerns about U.S.-China trade tensions and in contrast to the optimism being seen in U.

Strategists and investors say a pullback in the gold price is likely by the end of the year. From a sudden pivot on US interest rates to easing geopolitical tensions, there are several factors that could upend this insatiable rally.

When Ghanaian President John Mahama returned to power in January, he made fighting galamsey a signature policy. He banned foreigners from trading gold inside Ghana to crack down on smuggling networks and established a state regulator, GoldBod, to streamline revenue and supply chains. New police patrols raid illegal mines and seize equipment.

VCG. A large gold mine was recently discovered in Yumen, Northwest China's Gansu Province, with newly added gold reserve exceeding 40 tons, equivalent to the

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"This is now the second instance where markets are trading tariffs as backfiring on the US, not on the rest of the world."