Gold Prices Drop Amid Strong Dollar Pressure

Gold prices declined in early Asian trading on Monday, pressured by a rising dollar and escalating concerns over a potential global trade war. These fears intensified after U.S. President Donald Trump imposed significant tariffs on Canada, Mexico, and China over the weekend.

Spot gold fell by 0.6%, reaching $2,784.84 per ounce, while U.S. gold futures dropped 0.3% to $2,825.80 per ounce.

Other precious metals also saw declines:

• Silver fell 1.2% to $30.94 per ounce.
• Platinum decreased by 1.1% to $967.20 per ounce.
• Palladium dropped 0.5% to $1,003.26 per ounce.