Gold prices rose on Tuesday, erasing previous losses, as investors analyzed mixed messages from the US regarding trade talks.
President Donald Trump expressed openness to more talks with major economies, including the EU, while emphasizing that tariff rate letters represent trade deals.
The uncertainty in trade negotiations has boosted gold's appeal as a safe-haven asset, leading to a significant price surge this year, though the recent rally has paused as investors seek clarity on the new trade system.
Gold prices reached $3,360.86 an ounce, with analysts remaining cautiously optimistic amidst the wait-and-see approach in the market.