Gold Prices Record New Decline
Prices of gold decreased today, Monday, after U.S. President Donald Trump indicated progress in several trade agreements and announced an extension of tariff deadlines for many countries, thereby reducing demand for the precious metal, regarded as a safe haven.
Gold fell by 0.6% in spot trading to $1,314.21 per ounce. U.S. gold futures also decreased by 0.6% to $1,322.
In terms of other precious metals, silver declined in spot trading by 0.8% to $36.81 per ounce, platinum dropped by 0.8% to $1,380.55 per ounce, and palladium fell by 1% to $1,123.31 per ounce.
