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Gold prices eased slightly on Monday, investors' appetite for riskier badets improving thanks to signs of progress in Sino-US trade talks and better-than-expected Chinese economic data .
Spot gold slipped 0.1% to $ 1,290.98 an ounce around 00:57 GMT, after touching its lowest level since March 8 at $ 1,286.35 when the previous session.
US gold futures declined 0.3% to $ 1,294.90 an ounce.
Asian equities advanced, signs of progress in US-China trade talks, and stronger Wall Street shares boosting sentiment, though another Brexit project defeat proposed by British Prime Minister Theresa May added to the difficulties of the pound.
US President Donald Trump said Friday that trade talks with China were proceeding very well, but warned that he would accept nothing less than a "good plan" after senior officials American and Chinese traders concluded two days of negotiations in Beijing.
An official survey revealed Sunday that the factories in China had unexpectedly increased for the first time in four months in March, suggesting that government stimulus could begin to impose in the second largest economy in the world.
The Chinese State Council announced on Sunday that the country would continue to suspend additional tariffs on US cars and auto parts after April 1, in a gesture of goodwill following the US ruling. delay tariff increases on Chinese imports.
The exit of Britain from the European Union was in disarray after the implosion of Prime Minister Theresa May's strategy at Brexit which left her under pressure from rival factions who wanted to leave without an agreement, going to the elections or forging a much softer divorce.
Just a week after the US Federal Reserve decided to stop raising interest rates, policymakers are now opposing a growing vision of the financial markets and under the guidance of the Trump administration, that the Fed will have to cut rates soon.
The spectacular rally that reached the record for palladium last week hit the pads. The metal fell nearly 15% in three days last week.
Gold premiums in China eased last week, as concerns over the slowdown in the world's largest consumer of gold bullion pushed some customers to delay purchases, while A drop in prices had boosted the appetite of other Asian centers.
Hedge funds and money managers increased their hikes on COMEX gold in the week leading up to March 26, the US Commodity Futures Trading Commission (CFTC) said Friday.
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