Gold futures settled virtually unchanged Monday, caught in a tug-of-war between persistent safe-haven demand and a stronger U.S. dollar. Gold trimmed sharp early losses after President Trump announced a 25% tariff on goods from Japan and South Korea starting August 1,

Gold steadied after reversing losses in the previous session when President Donald Trump began informing a suite of nations of their latest tariff rates, with concerns about a growing US-led trade war bolstering haven demand.

Gold prices retreated to a one-week low on Monday as the dollar firmed and traders digested U.S. President Donald Trump's extension of his July 9 tariff deadline to August 1 and assertion that the U.S.