Gold dips on stronger dollar and U.S.–China trade-deal hopes

Gold prices fell on Monday as signs of easing trade tensions between the U.S. and China, and a stronger U.S. dollar weighed on safe-haven demand. Spot gold was down about 0.8% at US$4,077.11 per ounce, while U.S. futures for December delivery lost 1.1%. The dollar surged to a two-week high against the yen, making gold more expensive for non-US buyers and reducing its appeal. Analysts noted that although the trade-deal framework is positive for risk assets, persistent inflation concerns may still support gold as a hedge.