Gold prices were little changed on Tuesday, caught between safe-haven demand following U.S. President Donald Trump's new tariff proposals for trading partners, including Japan and South Korea, and rising Treasury yields that capped any upside momentum.

President Donald Trump cranked up the pressure Monday on America’s trading partners, firing off letters to heads of several countries, informing them of their new tariff rate. But at the same time, Trump took some of the edge off by signing an executive action Monday to extend the date for all “reciprocal” tariffs,

Trump stepped into an unexpected trade war with Brazil this week after announcing a letter to President Luiz Inacio Lula da Silva that 50 percent tariffs on imported goods would take effect on August 1, in apparent retaliation for the prosecution of former president, Jair Bolsonaro.

European shares were muted on Tuesday as investors assessed U.S. President Donald Trump's new tariff proposals for a spate of countries.

Key African economies are set to stake out different approaches to interest rates in the coming weeks as they gauge the impact of US President Donald Trump’s new tariff proposals and their domestic influences on their economies and inflation.

President Donald Trump has sent letters this week outlining higher tariffs countries will face if they don’t make trade deals with the U.S. by Aug. 1.

Futures tied to Canada's benchmark index edged higher on Tuesday, while investors assessed U.S. President Donald Trump's new tariff proposals for several trading partners and a new deadline for trade deals.