2019.11.0519:02:00UTC+00Gold Prices Slide On Tuesday

Risk is back on as gold prices retreated for a second session on Tuesday and the dollar traded higher, thanks to renewed optimism over U.S.-China trade talks.

Investor sentiment received a boost after the Financial Times reported that the U.S. is considering dropping tariffs on $112 billion of Chinese imports.

Spot gold was down $25.90 or 1.72 percent at $1,483.70 were down $25.95 or 1.72 percent at $1,485.15.

According to reports, U.S. President Donald Trump is eager to sign the trade agreement somewhere in the U.S. after Chile cancelled the Asia-Pacific Economic Cooperation summit due to local unrest.

Trump and Chinese President Xi Jinping are expected to meet in the U.S. soon to sign the first phase of a trade deal between the world's two largest economies.

The U.S. dollar was close to its highest in almost a week against a basket of rivals after recent data suggested the outlook for the world's largest economy is not as bad as some had feared.

Can't speak right now?
Ask your question in the chat.