02:00 PM EDT, 03/10/2025 (MT Newswires) -- (Updates prices.)

Gold prices were lower mid-afternoon on Monday as the dollar strengthened.

Gold for April delivery was last seen down US$15.50 to US$2,898.60 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 moved higher, with the ICE dollar index last seen up 0.5 points to 103.89. Treasury yields weakened, with the U.S. two-year note last seen paying 3.923%, down 7.9 basis points, while the yield on the 10-year note was down 7.8 points to 4.223%.