Gold Prices Take a Dive

Gold prices fell on Monday following comments from U.S. President Donald Trump, indicating progress in several trade agreements and announcing the extension of tariff deadlines for several countries. This decreased demand for gold, which is traditionally seen as a safe-haven asset.

By 0232 GMT, spot gold had declined 0.6 percent to $3314.21 per ounce. U.S. gold futures also dropped by 0.6 percent, reaching $3322.

Other precious metals followed a similar trend, with silver experiencing a 0.8 percent dip in spot transactions, moving to $36.81 per ounce. Platinum also fell by 0.8 percent, reaching $1380.55 per ounce, while palladium decreased by 1 percent to $1123.31 per ounce.