Gold demand in Asia, particularly in China, has surged as new U.S. tariffs and a stock market sell-off create uncertainty and economic turmoil. Investors are turning to gold as a safe-haven asset. Central banks globally are also increasing their gold-buying pace due to geopolitical instability and weakening confidence in fiat currencies. With the U.S. expected to announce additional economic measures and markets still adjusting to the impact of tariffs, gold is likely to continue benefiting from risk-off sentiment.