Gold tumbles nearly 2% as trade truce dents safe-haven demand

(Reuters) – Gold prices fell nearly 2% on Monday to their lowest in more than a week as the dollar strengthened and investors opted for riskier assets after the United States and China agreed to restart trade talks. Spot gold was down 1.7% at $1,384.81 per ounce as of 0724 GMT, after falling to its lowest since June 20 at $1,381.51.

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