Gold falls as markets await inflation data, Trump clarifies no tariffs on gold

• US CPI due on Tuesday, PPI on Thursday
• Trump and Putin to meet to discuss Ukraine peace deal
• Palladium up over 2%

Gold prices fell on Monday after U.S. President Donald Trump said he would not impose tariffs on imported gold bars, while investors awaited a U.S. inflation report that could provide clues to the Federal Reserve’s interest rate outlook.
U.S. gold futures for December delivery fell 2.5% to $3,404.70 an ounce. Gold prices hit a record high on Friday following reports that Washington may impose country-specific import tariffs on the most widely traded bullion in the United States.