Gold retreated on Monday as easing U.S.-China trade tensions boosted investors' risk appetite and dented the demand for the safe-haven metal, while a stronger dollar also piled on the pressure. Spot gold fell 0.

Gold retreated sharply from an all-time high in the past week as risk-aversion sentiment abated following Trump’s softened tone on China tariffs. While the price drop may continue in the near term, analysts expect gold to extend its long-term rally due to ongoing uncertainties.