India, Feb. 3 -- Gold futures settled moderately higher on Monday as prices recovered from early lows, with investors picking up the safe-haven commodity amid fears of a prolonged trade war after U.S. President imposed tariffs on Canada, Mexico and China and warned that the EU and the UK could be the next targets for the levy.
However, the U.S. has decided to postpone implementation of tariffs on Mexico by a month after Trump reached an agreement with Mexican President Claudia Sheinbaum as per which Mexico will immediately reinforce its northern border with 10,000 members of its National Guard to prevent drug trafficking from Mexico to the United States, particularly fentanyl.
Canada and Mexico ordered retaliatory tariffs on American good...