Ammon News - Gold prices fell further on Thursday, as easing trade tensions dented demand for safe-haven assets, overshadowing support from a weaker dollar.

Spot gold was down 0.2% at $3,379.69 per ounce, as of 0534 GMT, after dropping 1.3% in the previous session. U.S. gold futures eased 0.4% to $3,385.40.

Signalling progress on the tariff front, U.S. President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports.

The European Union and the United States are nearing an agreement that would impose 15% tariffs on European imports, while waiving duties on some items, according to officials from the European Commission.

Offering support to gold, the U.S. dollar index fell to a more than two-week low, making greenback-priced bullion less expensive for other currency holders.

Spot silver slipped 0.6% to $39.04 per ounce, platinum was steady at $1,410.92 and palladium dipped 0.9% to $1,266.41. Reuters