Gold prices fell duringAsian trading on Monday, experiencing a decline as a result of a strong U.S. dollar and positive labor market data, which dampened near-term expectations for interest rate cuts. Additionally, President Donald Trump’s decision to extend the deadline for trade tariffs has staved off some safe-haven demand, despite his threats toward the BRICS bloc.

Gold Prices in Context

Spot gold decreased by 0.7% to $3,312.12/oz, while September gold futures fell by 0.8% to $3,320.67/oz, reflecting the market trends following recent U.S. economic indicators.

Trade Policy Impacts

Trump’s tariff threats against BRICS countries introduced uncertainty into the market, but the delayed enforcement has led traders to adopt a wait-and-see approach, reducing gold’s appeal as a safe investment.

Outlook: What Lies Ahead for Gold

As geopolitical tensions rise, demand for gold might spike again if uncertainties in trade policy evolve. Watching market trends and macroeconomic data will be crucial for potential gold movements going forward.