Gold fell over 1% on Tuesday as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering risk appetite.
Spot gold slipped 1.1% to $1,710.95 per ounce, having earlier hit a low since May 13 at $1,708.47. U.S. gold futures settled down 1.7% at $1,705.60.
U.S. stocks surged as investors grew optimistic about business restarts and a potential coronavirus vaccine.
Elsewhere, palladium dropped 1.3% to $1,966.43 per ounce, platinum fell 1.2% to $828.45, while silver dipped 0.5% to $17.12.