Futures fall 3.2% to $4,002.90 a troy ounce, whereas spot gold is down 0.3% to $4,114.13 a ounce.
“Coming off the again of final week’s blockbuster surge in gold costs, there are many requires a short-term pullback if U.S.-China relations begin to enhance,” says Joshua Mahony, chief market analyst at Scope Markets. Gold, nonetheless, continues to be up greater than 50% this yr, supported by rising expectations that the Federal Reserve will minimize rates of interest this week.
