India, June 3 -- Gold traded lower on Tuesday but hovered near a four-week peak amid escalating geopolitical tensions and simmering trade risks.
Spot gold dropped 0.6 percent to $3,359.92 per ounce in European trade after clocking its biggest daily gain in four weeks. U.S. gold futures were down 0.3 percent at $3,387.20.
Gold prices softened amid profit taking by investors as the dollar rebounded slightly following reports that U.S. President Donald Trump will speak with his Chinese counterpart Xi Jinping -- possibly this week --to address tariff disputes and improve relations.
In another development, Reuters reported that the Trump administration is asking countries to list their best proposals in a number of key areas by Wednesday, in ...