Gold fell for a second session on Tuesday, as Sino-US trade deal hopes buoyed the dollar and improved risk appetite, blunting investors' interest in the non-yielding bullion.
Spot gold was down 0.1% at $1,507.17 per ounce as of 0728 GMT, while US gold futures declined 0.2% to $1,508.20 per ounce.
"The recent hopes of a trade truce between the United States and China have led to the strengthening of the dollar overnight, dragging prices today," Michael McCarthy, chief market strategist at CMC Markets said by telephone. "Some positive trade headlines over the weekend and buoyant risk sentiment with equities at all-time highs will be a test of gold's resilience and market conviction in gold's uptrend," UBS strategist Joni Teves said in a note.
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