Gold Prices Decline Amid Tariff Uncertainty and Profit-Taking Gold prices have dropped below $2,900, with the XAU/USD pair currently trading at $2,895.33. The decline follows profit-taking after record highs and renewed concerns over U.S. tariffs. President Trump's tariff policies, including potential levies on Canada, Mexico, and China, have heightened market caution, impacting gold's safe-haven appeal.123