Gold falls to 3-week low, pulling further away from $4,000: 'The sell-off has been relentless'

Gold extended declines on Tuesday to a three-week low as optimism over a US-China trade deal continued to put pressure on the safe-haven asset. Bullion futures dropped more than 1% to hover near $3,970 per troy ounce, while gold for immediate delivery fell to around $3,930 ahead of a highly anticipated meeting on Thursday between President Trump and China’s leader Xi Jinping. The move extended declines in the precious metal, which were sparked last Tuesday with the biggest drop in more than a decade. “I ...