India, Aug. 11 -- Gold prices fell sharply on Monday as geopolitical tensions eased and traders sought more clarity on U.S. tariff policy on Swiss gold.
Spot gold fell 1.2 percent to $3,357.69 per ounce in European trade while U.S. gold futures were down 2.1 percent at $3,416.87.
Investors looked ahead to U.S. President Trump's scheduled meeting with Russian President Vladimir V. Putin later in this week to negotiate an end to the war in Ukraine.
Trump suggested that a potential agreement to end the more than three-year old conflict in Ukraine could see the swapping of territory by both sides.
Meanwhile, the White House is preparing to issue an order clarifying the issue of gold bar import taxes after confusion over customs codes led so...