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Trump’s tariffs on products from Canada, Mexico, and China took effect just after midnight ET on Tuesday

Trump announced 25 percent tariffs on Mexico and Canada, starting Tuesday, and doubled Chinese tariffs to 20 percent

Spot gold fell 0.4 percent to $2,864.94 an ounce, while April futures decreased 0.6 percent to $2,877.80 an ounce

Prices were expected to slip 1.4 to 2 percent this week due to profit-taking

Copper rose 0.8 percent to $9,486.05 per ton as Chile disruptions mitigated tariff concerns

Spot gold experienced a slight increase of 0.1 percent, reaching $2,939.15 an ounce

Markets are focusing on Friday's PCE report, the Federal Reserve's preferred inflation measure

Spot gold dropped 0.2 percent to $2,928.52, while U.S. gold futures fell 0.1 percent

Spot gold was up 0.1 percent at $2,898.99, while U.S. gold futures gained 0.4 percent to $2,912.60

The U.S. Consumer Price Index (CPI) report is scheduled for release at 13:30 GMT later today

Trump's 25 percent tariffs on steel and aluminum imports raised inflation fears, escalated trade tensions

Trump announced 25 percent tariffs on all steel and aluminum imports, escalating trade policy amidst existing metal duties