Gold Declines After US Postpones Imposing Tariffs on EU Imports

Gold prices fell on Monday after US President Donald Trump announced a postponement of tariffs on European Union imports until July 9, giving a chance for a trade agreement.

Spot gold fell 0.5% to $3,339.13 per ounce, while US futures fell 0.8% to $3,337.40 per ounce.

Gold prices had risen more than 2% on Friday, supported by investor concerns following threats of tariffs on European imports.

As for other precious metals, silver fell 0.3% to $33.36 per ounce, platinum rose 0.1% to $1,095.90, and palladium rose 0.8% to $1,000.83 per ounce.