(Bloomberg) -- Gold was steady — following a three-day run of losses — with the market digesting President Donald Trump’s latest tariff threats.

Bullion traded near $3,010 an ounce, less than $50 shy of the record high reached last week. Trump said an automobile import tariff was coming, he flagged a 25% levy on buyers of Venezuelan oil, while also indicating that some nations may receive breaks from reciprocal duties set to take effect next week.

The US’s president’s scattershot messaging on tariffs have left many in the market confused, although the precious metal continues to be supported by the prospect of widespread trade wars and Trump’s upending of the geopolitical order. Bullion has rallied 15% this year on haven demand after rising by more than a quarter in 2024.

Spot gold was steady at $3,010.96 an ounce as of 8:16 a.m. Singapore time after falling 0.4% on Monday. The Bloomberg Dollar Spot Index was flat. Silver and platinum edged lower, while palladium was little changed.