India, May 13 -- Gold prices recovered some ground on Tuesday after hitting a more than one-week low in the previous session.
Spot gold rose 0.6 percent to $3,253.98 per ounce in early European trade, while U.S. gold futures were up 1 percent at $3,258.65.
After the U.S.-China tariff truce, Chinese leader Xi Jinping said "bullying" and "hegemonism" will only backfire and there are no winners in tariff wars or trade wars.
Elsewhere, U.S. President Trump said the U.S. has the upper hand in its trade discussions with the European Union.
"The European Union is in many ways nastier than China. We've just started with them. We have all the cards. They treated us very unfairly," Trump said at the White House.
Ratings agency Fitch said that th...