Gold prices slipped as gains in the equity markets dented the appeal of the precious metal ahead of a U.S. Federal Reserve policy meeting this week.
Meanwhile, renewed optimism over prospects for a U.S.-China trade deal was cited as a headwind for the safe-haven metal.
Chinese Vice Premier Liu He had a telephone conversation with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer last Thursday.
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