Gold Hovers Near Five-Week Lows As Firm Dollar, Trade Optimism Dent Appeal

Gold prices were steady on Tuesday, trading near five-week lows touched in the previous session, as a firmer dollar and optimism over a likely U.S.-China trade deal dented safe-haven appeal of the precious metal.

Spot gold was up 0.2 percent to $1,288.46 per ounce as of 0552 GMT, after slipping to $1,282.50 in the previous session, its lowest since Jan. 25.

U.S. gold futures also advanced 0.2 percent to $1,289.80 per ounce.

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