Gold futures finished sharply lower on Monday, as the safe haven appeal of the bullion got dented amidst encouraging developments in US-China trade talks. Both countries affirmed that they had reached a framework agreement on tariffs and other key issues during weekend talks in Malaysia.
Gold futures for December delivery tumbled by $118.10 or 2.85% to settle at $4,019.70 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $9.69 or 0.24% to $3,972.52 an ounce.