Gold inched lower on Monday on increasing risk appetite amongst investors, driven by optimism on U.S.-China trade talks and fading fears of a global economic slowdown.
Spot gold fell 0.1% to $1,511.44 per ounce at 12:20 GMT. U.S. gold futures edged 0.2% higher at $1,513.70.
European shares soared to a near two-year high on strong earning reports and hopes for a trade deal between Washington and Beijing.
However, weak manufacturing data from major European regions indicated further uncertainty in global growth, which is supportive of demand for bullion as a safe-haven asset, said analysts.
Source : Reuters