Gold falls on firm dollar, Trump's tariff stance
Gold prices dropped on Monday as the dollar touched an over two-week high, while investors took stock of U.S. President Donald Trump's more cautious stance on tariffs against trading partners.
Spot gold fell 0.6% to $3,006.84 an ounce at 01:42 p.m. (1742 GMT). U.S. gold futures settled 0.2% lower at $3,015.60.
The U.S. dollar (.DXY), opens new tab rose 0.2%, hitting an over two-week high and making greenback-priced bullion more expensive for overseas buyers.
Trump hinted on Friday that there would be some flexibility regarding reciprocal tariffs that are set to take effect on April 2 and are expected to drive inflation and hinder economic growth.
Spot silver fell 0.3% to $32.94 an ounce, platinum fell 0.5% to $969.77, and palladium was down 0.7% at $951.10.
Source: Reuters