Gold futures fell as safe-haven demand waned, and investors approached the main US position. Gold futures fell 1.3% to $3,167.42 per troy ounce, the lowest level since April 10.
The appeal of the precious metal was hit by the US-China deal on Monday when the two countries agreed to significantly reduce tariffs, which triggered risk-on sentiment in the market. Meanwhile, market players are currently still waiting for several important data to be released tonight, and the speech of the Fed chairman regarding the prospects for US monetary policy going forward.
Until this news was released, the price of gold was at the level of $3,167
Source: Newsmaker.id
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