Gold held losses after President Donald Trump said imports of bullion won’t be subject to US tariffs, further stabilizing the global bullion market after a federal ruling threw it into chaos and confusion.

President Trump said Monday that "gold will not be tariffed," but did not provide further details, weighing in after a ruling by U.S. customs officials caused chaos and confusion in global bullion markets late last week.

The futures reached a record high on Friday after the US reportedly placed tariffs on imports of one-kilo gold bars.View on euronews