Gold prices fell more than 1% on Tuesday as the US dollar strengthened. Investors have reduced interest in safe-haven assets such as gold after President Donald Trump took a soft approach to trade with the European Union.
Spot gold fell 1.6% to $3,289.93 an ounce, while US gold futures fell 2.3% to $3,287.80.
Gold prices fell on Monday after Trump said he would delay imposing new tariffs on the European Union and give trade talks until July 9.