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Gold climbs as market digests mixed US messages on trade talks

  • 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.

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