Gold prices fell in anticipation of Monday’s clarification from the White House on excluding gold from tariffs.

U.S. gold futures dipped from record highs after the Trump administration clarified that it won't impose tariffs on commonly traded gold bars, after confusion caused prices to rise.

Gold held losses after President Donald Trump said imports of bullion won’t be subject to US tariffs, further stabilizing the global bullion market after a federal ruling threw it into chaos and confusion.