Gold prices dropped by as much as 2.1% after the US and China announced upcoming trade talks in Switzerland, reducing demand for safe-haven investments.
This decline follows a nearly 6% surge over the previous two days.
Despite escalating military tensions between India and Pakistan, investors focused more on the potential easing of global trade tensions.
Gold has increased almost 30% this year, reaching a record high above $3,500 in April. The Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting.
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