Doha: Gold prices dropped on Monday after US President Donald Trump signaled progress on multiple trade agreements and announced extended tariff reprieves for several countries, dampening demand for the safe-haven metal. Spot gold fell 0.6% to $3,314.21 per ounce, as US gold futures were down 0.6% to $3,322.

According to Qatar News Agency, the decline in gold prices was mirrored in other precious metals. Spot silver fell 0.8% to $36.81 per ounce, platinum shed 0.8% to $1,380.55, and palladium lost 1% at $1,123.31. These movements suggest a broader trend in the market as investors reassess their positions in light of the latest developments in global trade.