Gold traded lower on Tuesday as market participants awaited clarity on U.S.-China trade talks and as earnings season starts on a positive note.
Gold for December delivery on Comex GCZ19, -0.89% was off $6.50, or 0.4%, at $1,491.10 an ounce, while December silver SIZ19, -1.52% gave up 18.5 cents, or 1%, to trade at $17.525 an ounce.
The yield on the 10-year U.S. Treasury note TMUBMUSD10Y, +1.46% fell 2.9 basis points to 1.701%. Lower yields on government debt can be a positive for assets like gold that offer no yield.
But a positive start to stocks as earnings season begins in earnest appeared to rob gold of some haven appeal, while investors also attempted to pin down the state of U.S.-China trade negotiations after initial optimism over a partial deal at the end of last week faded.
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