09:44 AM EDT, 03/10/2025 (MT Newswires) -- Gold was steady early on Monday as the dollar and treasury yields weaken.

Gold for April delivery was last seen down US$1.70 to US$2,912.40 per ounce.

The precious metal remains near a record high as U.S. President Donald Trump continues to unsettle markets as he imposes tariffs on the country's largest trading partners, spurring safe-haven demand for gold.

"Gold holds firm above USD 2,900 supported by concerns about the global economic outlook and haven demand amid tariffs and geopolitical tensions," Saxo Bank noted.

The dollar fell early, with the ICE dollar index last seen down 0.9 points to 103.75. Treasury yields also weakened, with the U.S. two-year note last seen paying 3.984%, down 5.2 basis points, while the yield on the 10-year note was down 4.9 points to 4.252%.