Gold prices slipped on Monday as a stronger dollar and easing US-China trade tensions reduced demand for the safe-haven metal, while investors awaited key central bank meetings this week. Spot gold declined 0.8 per cent to $4,077.11 per ounce by 0655 GMT, and US gold futures fell 1.1 per cent to $4,090.90. The dollar climbed to a two-week high against the yen after top Chinese and US officials outlined a potential trade deal framework. Analysts said the news supported risk appetite but weighed on gold, though expectations of continued loose fiscal and monetary policy could sustain its long-term uptrend. The Federal Reserve is widely expected to cut rates by 0.25 percentage points on Wednesday, with markets focused on Chair Jerome Powell's comments.
SPDR Gold Trust holdings dropped 0.52 per cent to 1,046.93 metric tons. Spot silver slipped 0.6 per cent to $48.31, platinum rose 0.7 per cent to $1,616.30, and palladium gained 0.5 per cent to $1,435.75. Attribution: Reuters
