Gold fell about 0.19% at the start of the week as the trade war heats up despite ongoing meetings on several fronts between the White House and several trading partners, notably the European Union (EU) and Mexico.
At 9.30am, gold was at $3,349.80, up 0.19% since it opened early Tuesday in Asian trading.
On Saturday, Donald Trump imposed a 30% tariff on EU and Mexican products imported into the US. The news shocked the market, pushing gold to a daily high of $3,374.
However, the US President's latest statement showed his openness to trade talks including with Europe and this will affect safe-haven assets to move higher.
In addition, geopolitical conflict eased slightly as Donald Trump announced the United States would send more weapons to Ukraine and threatened 100% tariffs on Russia unless they agreed to a 50-day ceasefire.
For now, market focus will shift to the release of US inflation figures and Retail Sales data as well as speeches by Federal Reserve (Fed) officials on their next policy decisions.
