Gold Declines as Market Parses Trump Comments on Tariff Deadline

Gold dropped as investors parsed President Donald Trump’s decision to delay the start of increased duties on several trading partners, while insisting the new deadline is final.

The precious metal fell as much as 1.5%, with investors awaiting more details on the president’s approach to negotiations, after this week’s move to postpone the imposition of all the April 2 duties until Aug. 1, effectively buying each affected nation an extra three weeks to cut a deal.