Gold falls as trade tensions soften, US data on tap
Gold fell nearly 1% on Tuesday as signals of easing U.S.-China trade tensions reduced some safe-haven demand, while investors braced for key economic data this week to gauge the Federal Reserve's policy outlook.
Spot gold was down 0.8% at $3,315.84 an ounce as of 2:22 pm ET (1822 GMT). U.S. gold futures settled 0.4% lower at $3,333.6.
"There is some optimism that there will be some de-escalation of the trade war between the U.S. and China," said David Meger, director of metals trading at High Ridge Futures.
Reuters
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