Gold prices retreated on Monday from a record high hit earlier in the session as trade tensions eased after U.S. President Donald Trump exempted smartphones and computers from "reciprocal" U.S. tariffs.
Spot gold was down 0.1% at $3,232.49 an ounce, as of 0702 GMT. Bullion hit a record high of $3,245.42 earlier in the day.
