Gold prices, represented as XAU/USD, are entering a consolidation phase as they trade around $3,315 on Tuesday. This current narrow range follows market adjustments as traders fine-tune their positions ahead of a potential announcement by US President Donald Trump regarding car tariffs. As fears of tariffs begin to fade, the prices of gold may face new dynamics impacting their trajectory. Investors should pay attention to market signals and economic forecasts that could affect gold’s allure as a safe-haven asset. Understanding these factors will be crucial for traders aiming to make successful trades in the ongoing gold market. As consolidation develops, market participants should be prepared for volatility driven by external economic events.