India, May 12 -- Gold prices tumbled to a one-and-a-half-week low on Monday due to easing trade and geopolitical tensions.
A stronger dollar amid easing U.S. recession fears also weighed on the precious metal.
Spot gold tumbled 2.9 percent to $3,227.43 per ounce in early European trade, while U.S. gold futures were down 3.3 percent at $3,232.56.
The U.S. and China have issued a joint statement post their tariff-related talks over the weekend in Geneva.
Accordingly, both nations have announced a temporary rollback of trade levies for an initial 90-day period.
Following two days of negotiations, the combined 145 percent U.S. duties on most Chinese imports will now be reduced to 30 percent, including the rate linked to fentanyl.
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