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 percent to $1,454.82 per ounce as of 1033 GMT, extending declines into a fourth straight session. US gold futures dropped 0.1 percent to $1,455.60 per ounce.
World markets edged higher on Tuesday as investors awaited a speech by US President Donald Trump on trade policy, and amid news he will probably delay a decision on whether to slap tariffs on European autos.
EU officials said Trump was expected to announce this week he was delaying the tariff decision on cars and auto parts imported from the European Union likely for another six months, also boosting expectations about the president’s speech later in the day about the long-drawn trade war with China.