Gold prices experienced a significant drop on Monday following reports suggesting the U.S. government may be softening its stance on implementing tariffs on gold bullion imports. Investors, anticipating the potential tariff's impact on the precious metal's price, had previously increased their positions. However, with the clarification of the tariff plan, these investors are now reducing their exposure, leading to the observed price decline. The market is closely watching for further details on the U.S. government's final decision regarding the tariff policy.