Gold Remained Under Pressure Pressured By A Strong U.S. Dollar

Gold remained under pressure pressured by a strong U.S. dollar amid prospects of higher interest rates, while global trade tensions kept prices buoyed above a six-month low hit. 

Conflicting signals from the Trump administration over proposed restrictions on foreign investment in U.S. technology companies, along with news that recently imposed import tariffs are starting to disrupt supply chains, sent global stock markets tumbling on Monday.

U.S. Treasury Secretary Steven Mnuchin said that forthcoming investment restrictions from the department will not be specific to China but would apply "to all countries that are trying to steal our technology."

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