Gold prices fell on Monday, weighed down by a stronger dollar and signs of easing trade tensions between the US and China, as traders awaited major central bank meetings later this week.
Spot gold fell 0.8% to $4,078.30 per ounce.
Meanwhile, US gold futures for December delivery fell 1.2% to $4,087.80 per ounce.
The dollar rose to its highest level in more than two weeks against the yen during today's trading, making gold more expensive for holders of other currencies.
US officials said Sunday that top Chinese and US economic officials have outlined a framework for a trade agreement that Presidents Donald Trump and Xi Jinping may decide on later this week. The agreement would temporarily suspend higher US tariffs on Chinese goods and China's export controls on rare earth minerals.
Meanwhile, the Fed is widely expected to cut interest rates by a quarter percentage point during its meeting on Wednesday.
Investors will be awaiting Federal Reserve Chairman Jerome Powell's remarks to determine the future trajectory of interest rates, as the US central bank is expected to cut rates again at its December meeting.
Gold, a non-yielding asset, tends to rise in a low interest rate environment.
As for other precious metals, spot silver fell 0.3% to $24.44 per ounce, platinum rose 0.5% to $1,012.95, and palladium rose 0.2% to $1,431.94.
