London/New York CNN —

US stocks gained Monday as investors digested President Donald Trump’s doubling of tariffs on America’s steel and aluminum imports while trade tensions with China flare up once again.

The Dow closed higher by 35 points. The S&P 500 gained 0.41% and the tech-heavy Nasdaq Composite index rose 0.67%. US stocks had opened lower before ticking up.

While stocks rose, the dollar broadly weakened on Monday amid renewed concern about a global trade war. The US dollar index, which measures the dollar’s strength against six major foreign currencies, fell 0.65%.

Meanwhile, Treasury yields rose as investors sold bonds. Gold surged 2.8% as investors sought out a safe haven amid renewed tariff uncertainty.

“We continue to expect market volatility as investors digest fresh t

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