Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months.
December gold concluded the session off $5.80, or 0.4%, at $1,457.10, marking the lowest finish for the most-active contract since early August, according to Dow Jones Market Data.
A recent resurgence in equity markets, notably the Dow Jones Industrial Average and the S&P 500 index have sapped demand for gold and assets perceived as havens, including Treasurys.
Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed to provide any information on the trade deal with China in his speech.
Spot gold slipped 0.1% to $1,453.70 per ounce, having touched its lowest since Aug. 5 earlier. U.S. gold futures settled down 0.2% at $1,453.70 per ounce.
Among other precious metal, palladium gained 0.8% to $1,700.60 per ounce, having touched a one-month low in the previous...
Oil futures settled lower Monday as recent developments in Sino-American trade negotiations reignited some fears about demand for energy assets in the face of a prolonged tariff scuffle.
West Texas Intermediate crude for December delivery, the U.S. benchmark, fell 38 cents, or 0.7%, to end at $56.86 a barrel.
President Donald Trump on Saturday said negotiations between China and the U.S. toward a partial trade deal, referred to as phase one, were going "very nicely" but he said recent...
The U.S. dollar was lower on Monday as investors remained cautious after U.S. President Donald Trump denied he would roll back tariffs on Chinese goods.
Hope of a trade deal diminished after Trump said on Friday that he had not agreed to end tariffs on Chinese goods as part of a trade deal, as was claimed by the Chinese Commerce Ministry earlier last week.
Talks were moving slower than he would like, and he would only make a deal if it was best for America, Trump added on Saturday.
Gold prices eased on Tuesday as expectations of positive trade talks between the United States and China bolstered risk appetite, while investors booked profits.
Spot gold slipped 0.1% to $1,454.82 per ounce as of 1033 GMT, extending declines into a fourth straight session.
U.S. gold futures dropped 0.1% to $1,455.60 per ounce.
World markets edged higher on Tuesday as investors awaited a speech by U.S. President Donald Trump on trade policy, and amid news he will probably delay a decision...