Gold slips as renewed trade optimism lifts risk appetite

Gold prices eased on Monday, extending falls into a third session, as news that the United States and China had made progress in their recent high-level trade talks lifted risk appetite.

FUNDAMENTALS

Spot gold dropped by 0.3 per cent to $1,485.56 per ounce, as of 0036 GMT. US gold futures edged 0.1 per cent higher to $1,489.90.

Spot gold prices fell more than 1 per cent in intraday trade on Friday on news that the United States and China were likely to reach a partial agreement on trade.

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