Share prices of gold miners rose after gold prices slipped around 2% on Monday from record-high prices.
Investors switched to the dollar as a safe haven following the disclosure of US tariffs, Reuters reported Tuesday.
However, analysts continue to bet on gold given the ongoing market volatility, the report added.
Shares of Northern Star Resources(ASX:NST) and Evolution Mining (ASX:EVN) rose over 4% in recent trading on Tuesday. Ramelius Resources' (ASX:RMS) shares were flat during the day.