Gold closes closes lower as trade hopes dent haven charm

Gold prices fell today, despite the dollar slightly falling against most currencies, which came due to widespread optimism about the near announcement of the US-China trade deal.

Investors' risk appetite in assets such as stocks surged and eschewed safe havens like precious metals, after President Donald Trump's tweet.

Trump tweeted "the US us getting very close to a big deal with China", but he did not elaborate more, and expressed both sides' desire to end the longrunning trade dispute.

Otherwise, the dollar index fell against a basket of major currencies by 0.1% to 97.3 points as of 20:08 GMT, and hit an intraday high of 97.5 and a low of 97.04.

Gold futures (February delivery) fell 0.2% and closed at $1,472.3 an ounce, with a high of $1,491.6 and a low of $1,468.2.