India, July 29 -- Gold edged higher on Tuesday as optimism around the U.S.-EU trade deal faded, and investors looked ahead to a Federal Reserve meeting for clarity on the U.S. interest-rate trajectory.
Spot gold edged up by 0.3 percent to $3,325.32 per ounce in European trade while U.S. gold futures were up 0.4 percent at $3,381.05.
The EU-U.S. trade deal met with gloomy reactions from many European leaders, with Germany and France slamming the draft trade agreement as unequal and damaging.
As the August 1 deadline nears, U.S. President Donald Trump said that countries refusing to negotiate separate trade deals could face tariffs ranging from 15 percent to 20 percent, well above the 10 percent rate set in April.
Geopolitical tensions we...