Gold lands more than 1% with signs of declining trade tensions

Gold prices fell by more than 1% today, Monday, as the decline in trade tensions between the United States and China reinforced the appetite for investors for risk and the weakest demand for safe assets such as precious metal, while the dollar increased the pressure.

By 02:20 GMT, gold in instant transactions decreased by 1.4% to $ 3272.89 an ounce. Gold recorded a high record of $ 3500.05 on April 22.

US gold futures fell 0.4% to $ 3283.70 an ounce, citing Reuters.