India, April 29 -- Gold resumed its downtrend on Tuesday after showing a significant move back to the upside in the previous session.
Spot gold fell 0.9 percent to $3,314.68 per ounce in early European trade, while U.S. gold futures were down 0.7 percent at $3,323.26.
The dollar was resilient against its rivals but still remained on course for a hefty monthly fall due to tariff-related worries and fears of an U.S. economic slowdown.
Investor sentiment improved in financial markets after reports suggested that the Trump administration will reduce auto tariffs on foreign parts to support domestic manufacturers.
"President Trump is building an important partnership with both the domestic automakers and our great American workers," Commerce...