Gold prices rose on Tuesday amid continued uncertainty over US President Donald Trump’s tariff plans and their impact on the global economy: Spot gold was up 0.5% at $3,226.24 an ounce. Bullion hit a record high of $3,245.42 in the previous session. US gold futures edged up 0.5% to $3,242.50.

According to Qatar News Agency, other precious metals experienced mixed results. Spot silver lost 0.2% to $32.29 an ounce. Meanwhile, platinum fell 0.2% to $949.21, and palladium eased 1.4% to $943.

The fluctuations in the precious metals market are largely attributed to the uncertain economic climate resulting from potential tariff implementations by the US government. Investors are closely monitoring the situation, as these developments could have significant repercussions on global trade and market stability.