Gold prices have decreased as investors await clarity on U.S. trade negotiations and potential tariffs imposed by President Trump. Currently trading around $3,325 per ounce, the decline follows a nearly 2% increase the previous week, driven by concerns over escalating trade tensions. The uncertainty surrounding the July 9 deadline for tariff discussions has led to cautious trading behavior among investors, impacting gold's appeal as a safe-haven asset.

The potential for increased tariffs has historically bolstered gold's attractiveness, as investors seek refuge from market volatility. Despite the recent price drop, gold has gained over 25% since the beginning of the year, reflecting ongoing geopolitical and economic uncertainties. The market is closely monitoring developments in U.S.-China trade relations, as any escalation could further influence gold prices and investor sentiment.