Gold prices slipped on Tuesday as risk sentiment was lifted by easing coronavirus restrictions, while brewing tensions between the United States and China over the outbreak kept the safe-haven metal near the key $1,700 per ounce level.
Spot gold fell 0.1 per cent to $1,699.56 per ounce by 0133 GMT. US gold futures were down 0.5 per cent to $1,705.50 per ounce.
A late Wall Street rally helped Asian stocks trade higher after tech shares and oil rose on easing coronavirus restrictions and prospects of an economic recovery, overcoming concerns about renewed Sino-US trade tensions.
Italy and the United States were among a