Gold Slips as Tariff Tensions Keep Markets on Edge

Gold eased lower on Tuesday, slipping 0.5% to $3,328/oz, as traders held back ahead of potential new U.S. tariff decisions.

While inflation data showed consumer prices rose in line with expectations, the dollar gained strength, applying additional pressure on gold.

Experts suggest that while fundamentals remain bullish—especially with potential Fed rate cuts on the horizon—gold needs a new catalyst to break past $3,400. Investors are now eyeing the Producer Price Index report for further direction.

Meanwhile, silver retreated slightly after reaching a multi-year high, with analysts calling any dip a likely buying opportunity.