Gold prices are under scrutiny as the Fed minutes are set to be released, with tariffs proposed by Donald Trump on imports from Mexico, Canada, and China stirring concerns of a trade war. Investors are keenly awaiting US price data, which may signal future inflation trends and influence monetary policy decisions. The upcoming Fed meeting on December 18 could lead to a potential interest rate cut, while the trading range for gold is expected to remain between USD 2,540 and USD 2,800 amidst ongoing profit-taking.