Gold prices rose modestly in Asian trade on Tuesday as the US president’s warnings of additional trade tariffs boosted demand.
The price of the yellow metal fell sharply from earlier as various reports suggested that a ceasefire between Israel and Lebanon was nearing.
Challenges to ease tensions between Israel and the Lebanese militant group Hezbollah, and several reports indicating a ceasefire is nearing, have dampened demand for gold.
Gold held on to its gains from last week as tensions between Russia and Ukraine fueled sheltered demand.
