Gold futures traded lower on Tuesday, as the safe haven appeal of the bullion dulled amidst optimism over improving US-China trade relations. Meanwhile, investors closely awaited the release of the latest FOMC Minutes on Wednesday and the PCE inflation data on Friday for fresh insights into the Federal Reserve’s interest rate outlook.
Gold futures for June delivery dipped by $42.10 or 1.24% to $3,352.40 an ounce on the Comex division of the New York Mercantile. While, spot gold lower by $3.63 or 0.11% to $3,340.21 an ounce.