Gold eased on Monday as the dollar firmed after a report said China was likely reluctant to agree to a broad trade deal with Washington, but bullion held a tight range as investors took a wait-and-see approach ahead of U.S.-China talks this week.
Spot gold was down 0.1% at $1,502.16 per ounce. Prices had firmed 0.5% last week on concerns of slowing global growth. U.S. gold futures slipped 0.3% to $1,507.80 per ounce.
The United State and China are set to meet for trade negotiations in Washington on Oct. 10-11, although latest news reports suggest Beijing may be looking to restrict the scope of any deal.
Source : Reuters