India, Feb. 25 -- Gold traded lower on Tuesday after hitting a record high on Monday, fueled by safe-haven demand amid concerns over Trump's tariff plans and inflows into the world's largest gold-backed ETF.
Spot gold dipped 0.4 percent to $2,940.38 per ounce in European trade, after scaling a fresh record high of $2,956.15 in the previous session. U.S. gold futures were down 0.3 percent at $2,953.31.
Investors booked profits as the dollar clawed back losses on renewed tariff worries. U.S. President Donald Trump said Monday that tariffs he unveiled on Canada and Mexico will proceed as planned once the monthlong delay ends next week.
Trump also stated at a White conference that the U.S. has been 'taken advantage of' by other nations and h...