India, May 26 -- Gold retreated on Monday after climbing more than 2 percent to a two-week peak on Friday amid renewed trade tensions.
Spot gold fell 0.7 percent to $3,335.22 per ounce in early European trade, with a weaker dollar and escalating geopolitical tensions helping cap overall losses to some extent. U.S. gold futures were down 0.9 percent at $3,363.01.
U.S.-EU trade tensions eased somewhat after U.S. President Donald Trump said he would delay imposing 50 percent tariffs on imports from the EU until July 9, backing of this threat to impose tariffs on goods from the European Union as soon as 1 June.
The dollar traded weak, with the euro climbing to a one-month high following Trump's U-turn on EU tariffs and his threat to impose 2...