Gold prices rose on Tuesday amid ongoing geopolitical tensions, while traders closely monitored developments in trade talks between the U.S. and China. Spot gold was up 0.3% to $3,335.79 an ounce as of 10:15 a.

Gold’s price has moved higher since the beginning of the week, with gold’s price currently just above $3300 per troy ounce. In today’s report we intend to discuss fundamental issues that may be affecting the precious metal’s price action and conclude the report with a technical analysis of gold’s daily chart.

Gold gained slightly as traders eye US-China trade talks. It hit an intraday high of $3347 and is currently trading around $3343. In May 2025, the Peoples Bank of China maintained its seven-month trend of buying gold