World markets steadied on Monday after a volatile week driven by escalating tensions in the U.S.-China trade war, even as gold prices surged to fresh record highs, underscoring lingering investor uncertainty.

The rebound came after U.S. President Donald Trump struck a more conciliatory tone over the weekend. Following his earlier threat to impose sweeping 100% tariffs on Chinese goods starting November 1 — a move that had rattled global markets — Trump posted on social media Sunday that “everything will be fine” and emphasized that the U.S. did not want to “hurt” China.

The comments helped ease some investor nerves after both Washington and Beijing signaled the possibility of renewed trade retaliation last week. Despite the tentative calm, analysts said sentiment remains fragile as markets brace for potential disruptions to global supply chains and trade flows should the new tariffs take effect.

Meanwhile, spot gold prices climbed to new record highs above $4,000 per ounce, reflecting persistent demand for safe-haven assets amid geopolitical and economic uncertainty.