India, Feb. 4 -- Gold prices were subdued on Tuesday while the dollar edged higher after a 10 percent tariff on Chinese products took effect, triggering swift retaliation from Beijing.
Spot gold was marginally higher at $2,816.22 per ounce in European trade while U.S. gold futures were down half a percent at $2,844.16.
The dollar drifted lower in Asian trade today after U.S. President Donald Trump announced a 30-day pause on his tariff threats against Mexico and Canada.
However, the U.S. currency reversed course later in European trade as new U.S. tariffs of 10 percent on Chinese imports took effect and China announced retaliatory tariffs and export controls, raising fears of a trade war between the world's two largest economies.
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