Gold (GC=F) prices hit record highs amid fears of a global trade war, with tariffs on steel and aluminum driving gold prices above $2,900 Monday. Yahoo Finance Senior Business Reporter Ines Ferré joins Morning Brief break down the details, noting that gold hit eight all-time highs this year and is up 10% year to date.

Investors are turning to gold as a safe haven, while inflation and interest rates will influence future trends. Meanwhile, oil (BZ=F, CL=F) prices are also rising due to concerns over Russian sanctions and limited Iranian supply.

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This post was written by Josh Lynch