Gold prices scaled to another record high on Monday as investors revved up their safe-haven bets after U.S. President Donald Trumprenewed tariff threats against China, while expectations of U.S. interest rate cuts added to the metal's allure, Reuters reported.

Silver also jumped to an all-time peak, tracking gold's rally.

Spot gold was up 1.4% to $4,074.02 per ounce, as of 0825 GMT, after hitting a record $4,078.05/oz, according to Reuters.