Gold rose after last week’s sharp correction, with investors weighing the economic outlook as US President Donald Trump prepares to implement import levies against key trade partners.

Gold prices rose on Monday, helped by a weaker dollar, while a delay in finding peace in Ukraine and concerns over the U.S. tariff policy fuelled safe-haven demand for the metal.

Trump last week threatened China with an extra 10 per cent duty, set to take effect on Tuesday, resulting in a cumulative 20 per cent tariff

GOLD prices firmed on Monday (Mar 3), helped by a weaker US dollar and rising fears that US President Donald Trump’s tariff threats could lead to a global trade war and stoke inflation, thereby fuelling safe-haven demand for the metal.

Gold prices firmed on Monday after hitting a more than three-week low in the previous session, supported by a weaker dollar and safe-haven buying triggered by concern over U.S. President Donald Trump's tariff policies.

Gold prices were higher on the first trading day of March on Monday as the dollar slipped against a basket of major currencies. A weaker dollar makes commodities priced in the greenback cheaper for overseas buyers.