Gold prices fell earlier on Tuesday in Asian trade, retreating from an earlier rally on the back of Washington s comments on the U.S.-China trade deal.
White House trade advisor Peter Navarro temporarily spurred worries from investors on Monday after he said that the trade deal with China was over . However, Navarro later added that his comments were taken out of context with U.S. President Donald Trump clarifying in a Twitter post that the trade deal was still fully intact .
Gold futures slid by 0.07% to $1,765.25 per ounce at 01:08 AM ET (06:08 AM GMT) as investors retreated from the yellow metal after the clarifications.
Stocks, which are often observed to move in the opposite direction to gold, traded higher after falling slightly on Monday.
https://maxitrade.com/en/gold-pricesidip-after-white-house-clarifies-trade-deal-mixup