Currently, gold prices (XAU/USD) are experiencing a mild negative bias, trading just below the multi-week high around the $3,374 mark during the Asian session. The recent tumult in global trade, notably the announcement of new tariffs by U.S. President Donald Trump affecting the European Union and Mexico, ignites concern among traders. As market conditions remain unpredictable, gold’s status as a traditional safe-haven asset is being put to the test. Investors should consider these fluctuations when making trading decisions.