Gold prices experienced a slight decline in Asian trade on Monday, retreating from their recent peaks. Reports indicating that Trump’s April 2 tariffs may be less severe than feared contributed to a lower demand for safe-haven investments, while a weaker dollar limited gold’s losses.

Gold spot prices dipped 0.2% to $3,018.51 per ounce, while futures steadied at $3,049.30 per ounce, down from the record high of $3,057.5 observed last week.

Market Dynamics

• Tariff Easing: Trump’s anticipated tariff adjustments, which exclude key sectors from broad tariffs, have reduced concerns about major economic disruptions.
• Impact on Safe-Haven Demand: An easing of tariff fears has improved investor risk appetite, which has consequently lowered safe-haven purchasing of gold.

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Conclusion

Despite the minor decline in gold prices, the market’s overall sentiment is shifted towards cautious optimism amidst evolving trade policies. Investors continue to weigh their options between safe-haven assets and growth opportunities in other metallic markets.