On Tuesday gold was trading lower while new positive clues that finally the U.S and China are making progress regarding their trade dispute, supported the risk appetite.
What probably drives also investors to pick more risky assets are the positive economic conditions. U.S. gold futures fell 0.3% at $1,287.58 an ounce. Spot gold fell about 0.2% at $1,284.98 An Analyst in UBS Wealth Management in Hong Kong said, "The main reason what pressures gold is the improved economic data ... for countries such as China, for example, things have turned around a fair bit”.
Dollar index is gaining momentum
Daily Analysis - 16/04/2019