Gold prices slid on Monday after rising to all-time highs in the previous session, as the U.S. dollar surged higher on mounting fears of a global trade war following U.S. President Donald Trump's sweeping tariff measures.

Gold futures slipped on U.S. dollar strength following the imposition of U.S. tariffs on Mexico, Canada and China. Futures were down 0.2% at $2,829.90 a troy ounce. U.S. President Trump's tariffs have sent the greenback sharply higher,

Gold fell after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with a surging dollar outweighing haven demand as the world braces for trade wars.