Gold prices fell in early Asian trading on Monday under pressure from a rise in the dollar, as fears of a global trade war mounted after US President Donald Trump imposed large tariffs on Canada, Mexico, and China.
Spot gold fell 0.6 percent to $2,784.84 an ounce, while U.S. gold futures fell 0.3 percent to $2,825.80 an ounce.
The dollar index hovered near a three-week high, making gold denominated in the U.S. currency more expensive for buyers than holders of other currencies.
Source (Al-Arabiya.net Website, Edited)
