Gold eased on Tuesday, weighed down by gains in stock markets, but concerns over civil unrest in U.S. cities and growing tensions between Washington and Beijing limited the decline.
Spot gold was down 0.2% at $1,736.92 per ounce, having gained as much as 1% on Monday to hit its highest since May 21. U.S. gold futures were steady at $1,750.
World stocks climbed towards three-month highs as the global coronavirus recovery effort won out over the trade tensions and the unrest in the United States.
Concerns about deteriorating Sino-U.S. relations increased after reports of an order from China’s government to halt U.S. soybean purchases.
Source : Reuters