Ammon News - Gold prices were broadly steady on Tuesday, trading below ‌a record $4,600/ounce level reached in the last session amid sharpened geopolitical and economic uncertainty as investors booked profits.

Spot gold traded little changed at $4,593.81 per ounce as of 0357 GMT, while U.S. gold futures for February delivery slipped 0.3% to $4,602.70.

Further fuelling geopolitical worries, U.S. President Trump said on Monday any country that does business ⁠with Iran will face a 25% tariff on trade with the U.S., as Washington ‍weighs its response to the crackdown on the biggest anti-government protests in years in the oil exporting nation.

Non-yielding assets tend to do well in a low-interest-rate environment and when geopolitical or economic risks spike.

Spot silver added 0.6% to $85.42 ​per ounce after hitting an all-time high of $86.22 ‍on Monday.

Spot platinum lost 0.7% to $2,327.43 per ounce after scaling a record peak of $2,478.50 on December 29.

Palladium slid 1.4% to $1,817.21 ​per ounce.

Reuters