Gold prices fall for the fourth consecutive session

Gold prices fell for a fourth consecutive session on Tuesday, as investors' appetite for risk continues to be boosted by the hope of a global recovery and l & # 39; Waiting for a possible lull in the China-US trade war.

The spot gold price fell 0.6% to $ 1,490.10 an ounce around 6:50 am GMT, after reaching its lowest level since August 13 at $ 1,486 earlier in the session.

Gold has lost about 5% since it reached its highest level in 155 years at $ 1557 on May 4th.

In the US futures, gold lost 0.8% to 1498.50 dollars an ounce.

The trade war between China and the United States has disrupted global markets since the beginning, more than a year ago, fueling fears of a global economic downturn.

Markets, however, were raised after both parties decided to hold talks in Washington in early October.

In other precious metals, platinum fell 1.2% to 935.20 dollars an ounce, while palladium dropped to 1 542.34 dollars.

The money lost 0.2% to 17.92 dollars an ounce.