Key Takeaways

The price of gold and gold-related stocks lost ground Monday, among the few asset groups to see declines amid a broad market rally fueled by news of easing U.S.-China tariffs .

The drop comes after a surge in gold and mining stocks in recent weeks as investors piled into safe-haven assets amid worries about the Trump administration's tariffs. Gold set several records this year, and peaked at an intraday record of just over $3,500 per ounce late last month .

Gold futures were down more than 2% Monday morning, after reaching a low of $3,207.96 per ounce earlier in the session. Shares of mining companies like Barrick Mining Corp. ( B ), Agnico Eagle ( AEM ), Newmont ( NEM ), and Alamos Gold ( AGI ) were among those that declined in recent trading.

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