The issue of U.S. President Donald Trump's trade tariffs remains a source of deep tension between allies and the U.S. Trump hasn't attended a G7 summit since 2019, after upsetting the group the year before by withdrawing U.

Gold fell on Monday as investors weighed the impact of the ongoing Israel-Iran conflict, while also focusing on the Group of Seven leaders meeting and the Federal Reserve policy decision later this week.

In 2018, the president called for the group to embrace Russia and stormed out of the summit. Now he is seeking to shrink America’s military role abroad and embarking on a more expansive trade war.

President Donald Trump and other heads of state are set to gather in Canada for the annual G7 summit just days after Israel’s unprecedented strike on Iran. Ordinarily, such a development would dominate the high-level discussions,

Leaders from the Group of Seven nations begin annual talks on Monday amid wars in Ukraine and the Middle East that add to global economic uncertainty, as host Canada tries to avoid a clash with U.S. President Donald Trump.

KANANASKIS, Alberta (Reuters) -More pressure must be exerted on Russia to secure a ceasefire in Ukraine urging the G7 nations to ramp up sanctions to achieve that goal, European Commission President Ursula von der Leyen said on Sunday.

President Trump's upcoming week is expected to include addressing the Israel-Iran conflict, attending the G7 summit in Canada and responding to nationwide anti-ICE protests.

Futures linked to Canada's main stock index recovered from the declines of the previous session on Monday, with investors shifting focus from the Middle-East tensions to this week's G7 summit and U.S.