Doug McIntyre and Lee Jackson discuss the recent surge in gold prices, which have climbed toward $4,000 per ounce after years of steady gains. Lee explains that gold’s rise is being fueled by investors seeking alternatives to an overheated stock market and by heavy buying from central banks,

Gold for December delivery, a most-active contract, was up 2.8% at just above $4,110 per ounce Monday morning, amid lingering concerns about U.S.-China trade tensions and in contrast to the optimism being seen in U.

When Ghanaian President John Mahama returned to power in January, he made fighting galamsey a signature policy. He banned foreigners from trading gold inside Ghana to crack down on smuggling networks and established a state regulator, GoldBod, to streamline revenue and supply chains. New police patrols raid illegal mines and seize equipment.

China aims to become custodian of foreign sovereign gold reserves in a bid to strengthen its standing in the global bullion market, according to people familiar with the matter.

"This is now the second instance where markets are trading tariffs as backfiring on the US, not on the rest of the world."

China's M&A activity focuses on Africa and Latin America for gold, copper and lithium resources. Read more here.