Gold prices dropped nearly 1% on Monday and again reaching an all-time high in the previous session. The decline was driven by a stronger U.S. dollar, sparked by growing fears of a global trade war following President Trump’s sweeping tariff measures.
Spot gold fell 0.6% to $2,784.30 per ounce by 0534 GMT after prices hit a record peak at $2,817.23 on Friday. U.S. gold futures shed 0.7% to $2,815.20.
