Gold eases as US-Japan trade deal lifts risk appetite; weak dollar caps losses
Spot gold was down 0.2% at $3,422.95 per ounce, as of 0459 GMT, after hitting its highest point since June 16 earlier in the session.
U.S. gold futures also slipped 0.2% to $3,436.10.
Trump said the U.S. and Japan had struck a trade deal that includes a 15% tariff that will be levied on U.S. imports from the country.
U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said.
Offering support to bullion, the U.S. dollar index languished near a two-week low against its rivals, making greenback-priced gold less expensive for other currency holders.
Benchmark 10-year U.S. Treasury yields on Tuesday touched their lowest level since July 9.
Elsewhere, spot silver fell 0.2% to $39.20 per ounce, platinum edged 0.1% lower to $1,439.65 and palladium slipped 0.2% to $1,272.50. Reuters
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