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Singapore: Gold prices retreated on Monday from a record high hit earlier in the session as trade tensions eased after US President Donald Trump exempted smartphones and computers from reciprocal US tariffs.
Spot gold was down 0.1% at $3,232.45 an ounce. Bullion hit a record high of $3,245.42 earlier in the day.
US gold futures edged 0.1% higher to $3,248.20.
Softer US dollar has been assisting gold, but news of tech product tariff exemptions lifted risk appetite and caused safe-haven demand to ease.
Gold prices vaulted on Friday over the $3,200-per-ounce mark for the first time as intensifying US-China trade tensions rattled global markets.
Spot silver lost over 1% to $31.91 an ounce, while platinum added 0.6% to $948.45, and palladium gained 0.8% to $922.98.
