Gold prices rose near $3,350 per ounce on Tuesday, following a modest drop in the prior session, with attention remaining focused on US trade policy. President Donald Trump has so far sent letters to the leaders of 25 countries, notifying them of new tariff rates set to take effect on August 1. The latest measures include a 30% duty on imports from major partners such as the EU and Mexico. Trump also warned that countries retaliating with their own tariff hikes could face even steeper US duties. Still, he indicated he remains open to further negotiations with trading partners before the new tariffs are implemented. Meanwhile, investors now await the US CPI report, due later today, for clues into the Federal Reserve's rate path.