The prices of precious metals lost ground on Monday, with gold down 1% as United States President Donald Trump decided to once again soften his stance on European Union tariffs, giving the bloc more time to try and negotiate a deal with Washington. Trump's recommended 50% levy on products from the EU was delayed until July 9, which seemingly took attention away from traditional safe havens such as gold.
Gold tumbled 1.02% to $3,325.33 per ounce at 5:31 am ET. At the same time, silver fell 0.69% to sell for $33.27 per ounce. At 5:32 am ET, platinum declined 0.70% to $1,089.38 per ounce, while palladium lost 0.90%, selling at $976.37 per ounce.
