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Gold prices slipped modestly in Asian trading on Monday, pulling back from last week\u2019s gains after U.S. President Donald Trump over the weekend backed off from his threat to immediately impose 50% tariffs on the European Union.<\/p>\n\n\n\n
Spot gold<\/strong> dipped 0.2% to $3,349.45 an ounce<\/strong>, while gold futures for June<\/strong> fell 0.5% to $3,376.91\/oz<\/strong> by 00:54 ET (04:54 GMT).<\/p>\n\n\n\n The slight retreat in gold comes as risk sentiment steadied following Trump\u2019s surprise Sunday announcement, which he said reflected \u201cpositive dialogue\u201d with European Commission President Ursula von der Leyen. The White House confirmed that the proposed 50% tariffs will now be postponed until early July<\/strong>, giving room for further trade talks.<\/p>\n\n\n\n This decision marks yet another policy reversal from Trump, who had stoked market jitters on Friday by warning of sweeping tariffs on the EU set to take effect in June. Investors remain wary, given Trump\u2019s pattern of abrupt policy shifts, with traders bracing for volatility as his July 9 deadline for tariffs on major trading partners looms.<\/p>\n\n\n\n While Trump\u2019s tariff delay temporarily eased pressure on risk assets, gold’s downside was limited<\/strong> by broader concerns over the U.S. fiscal position. Persistent dollar weakness<\/strong>, coupled with a steady selloff in Treasuries<\/strong>, helped underpin the yellow metal. The dollar index<\/strong> fell 0.3%<\/strong> in Asian trading, extending losses from recent weeks as worries grow over America\u2019s ballooning debt burden.<\/p>\n\n\n\n Stagflation fears<\/strong> added another layer of support for gold. Minneapolis Federal Reserve President Neel Kashkari<\/strong> warned over the weekend that Trump\u2019s tariffs risk triggering a stagflationary scenario\u2014higher inflation paired with weaker growth<\/strong>\u2014and suggested the Fed is unlikely to adjust rates before September.<\/p>\n\n\n\n Kashkari\u2019s remarks<\/strong>, combined with his warning about elevated economic uncertainty<\/strong>, kept safe haven demand for gold alive, even as prices retreated slightly on Monday.<\/p>\n\n\n\n Other precious metals edged higher on the back of dollar softness.<\/p>\n\n\n\n Industrial metals also found some support, though markets remained cautious amid uncertainty surrounding Trump\u2019s trade policies and global economic prospects.<\/p>\n\n\n\n Gold has rallied sharply this year, recently touching a record high of $3,500\/oz<\/strong>, driven by fears of a global trade war, persistent U.S. debt concerns, and volatile policy signals from the Trump administration.<\/p>\n\n\n\n While the weekend\u2019s tariff delay offers short-term relief, traders remain cautious ahead of the July 9 deadline<\/strong> and the potential for new trade shocks\u2014particularly Trump\u2019s threat to impose levies on smartphone imports.<\/p>\n\n\n\n The Fed\u2019s wait-and-see stance<\/strong> on rates, alongside a weaker dollar and elevated geopolitical risks, continues to provide a floor under gold prices.<\/p>\n\n\n\n For now, the market\u2019s focus remains on Trump\u2019s evolving trade agenda<\/strong>, U.S. debt sustainability<\/strong>, and the stagflation debate<\/strong>\u2014all of which could dictate the next leg of gold\u2019s rally or retracement.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices slipped modestly in Asian trading on Monday, pulling back from last week\u2019s gains after U.S. President Donald Trump over the weekend backed off from his threat to immediately impose 50% tariffs on the European Union. Spot gold dipped 0.2% to $3,349.45 an ounce, while gold futures for June fell 0.5% to $3,376.91\/oz by …<\/p>\n","protected":false},"author":9,"featured_media":105524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-114814","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=114814"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114814\/revisions"}],"predecessor-version":[{"id":114815,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114814\/revisions\/114815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105524"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Broader Metal Complex Gains on Dollar Weakness<\/h3>\n\n\n\n
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Outlook: Gold\u2019s Resilience Hinges on U.S. Policy Path<\/h3>\n\n\n\n