FX.co ★ Gold Retreats

Gold slipped below $5,190 per ounce on Tuesday after four consecutive sessions of gains, as traders weighed renewed tariff risks alongside ongoing geopolitical tensions. The Trump administration is moving to revive the president’s global tariff agenda after last week’s Supreme Court ruling invalidated many of the duties imposed last year. In response, the administration implemented a new 10% tariff effective Tuesday, which Trump later threatened to increase to 15%. On Monday, he warned of higher tariffs on countries that “play games” with their existing trade agreements. Geopolitical focus remains on the upcoming talks between the US and Iran, scheduled to resume on Thursday. Trump said he favors a negotiated resolution but cautioned that there would be serious consequences if a new nuclear agreement is not reached.