LONDON: Gold prices eased on Tuesday as expectations of positive trade talks between the United States and China bolstered risk appetite, while investors booked profits.

Spot gold slipped 0.2 per cent to $1,453.46 per ounce as of 1211 GMT, extending declines into a fourth straight session. US gold futures also dropped 0.2pc, to $1,454.20 per ounce.

World markets edged higher on Tuesday as investors awaited a speech by US President Donald Trump on trade policy, following news he will probably delay a decision on whether to slap tariffs on European autos.

Elsewhere, palladium gained 1.1pc to $1,705.99 per ounce, silver dropped 0.5pc to $16.78 an ounce, and platinum inched 0.2pc higher to $877.30.

Published in Dawn, November 13th, 2019