Consumer prices rose 2.7% in July compared to a year ago, clocking in lower than economists expected and holding steady from the previous month. The reading defied fears of further price increases as result of President Donald Trump's tariffs.

U.S. President Donald Trump's statement on not putting tariffs on gold has sent an encouraging signal for trade stability but only a formal decision will provide certainty, the head of the Swiss precious metals association ASFCMP said on Tuesday.

The White House said last week it was preparing an executive order to "clarify misinformation" regarding tariffs on gold bars.

Prices for gold futures in New York and spot gold in London continued to converge after President Donald Trump said imports of bullion won’t be subject to US tariffs, following a federal ruling last week that sowed confusion across the market.

Donald Trump is letting Nvidia and AMD sell some chips to China — but only if they pay a 15% tax. That's the opposite of Trump's tariff push.

Goldman Sachs estimates U.S. consumers now shoulder two-thirds of President Trump’s new tariff costs, with more companies planning to pass them on in the future.