Gold Holds Loss as Traders Seek Clarity on Trump’s No-Tariff Vow

Gold held a loss after President Donald Trump said imports of bullion won’t be subject to US tariffs, although traders were still waiting for formal clarification over the policy following a federal ruling last week that sowed chaos and confusion across the market.

Spot gold held near $3,345 an ounce on Tuesday, following a 1.6% drop on in the previous session after Trump posted “Gold will not be Tariffed!” on social media. Futures of the precious metal in New York edged lower, after a 2.5% plunge on Monday.