💨 Abstract

Gold prices dropped in early Asian hours on Monday due to a stronger dollar and fears of a global trade war following U.S. President Trump's tariffs on Canada, Mexico, and China. The U.S. dollar index hovered near a three-week peak, making gold more expensive for foreign buyers. Trump imposed 25% tariffs on Canada and Mexico, and 10% on China, prompting retaliatory measures from these countries.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖