Gold prices drop as Trump signals trade deals, extends tariff reprieve

Gold prices dipped on Monday as President Trump hinted at trade agreement advancements and tariff reprieves, diminishing the metal's safe-haven appeal. Spot gold fell 0.3% to $3,323.71 per ounce, mirroring a similar drop in U.S. gold futures. Trump's tariff adjustments and potential Federal Reserve policy shifts, influenced by inflation concerns, are impacting market expectations.