US president says 25% tariffs on steel and aluminium imports to be introduced this week as Chinese tariffs come into effectTrump to announce 25% aluminum and steel tariffs as China’s levies against US come into effectThe gold price has hit a record high, as investors scramble for a safe haven for their money.The spot price of gold has risen by 1% in early trading to $2,892 per ounce, above the previous record high set last Friday.Interestingly, Trump announced his latest tariffs late on Sunday, which suggests that he is not too worried about the market reaction. Typically, Trump has announced