India, May 27 -- Gold prices were coming under selling pressure on Tuesday as trade war fears ebbed and investors looked ahead to the release of key U.S. economic data later this week for clarity on the Federal Reserve's interest rate path.
The dollar's recovery from a five-week low hit on Monday also weighed on bullion. Spot gold fell 1.1 percent to $3,304 per ounce in early European trade while U.S. gold futures were down 1.9 percent at $3,331.09.
Risk sentiment improved somewhat after the Trump administration delayed a proposed 50 percent tariff on European imports from 1 June to 9 July.
European Commission trade chief Maros Sefcovic reported productive discussions with U.S. officials and said the European Union remains "fully committ...