Ammon News - Gold prices declined on Tuesday, hurt by an uptick in the U.S. dollar as market participants awaited details from the second day of trade talks between the U.S. and China in London.

Spot gold fell 0.6% to $3,307.72 an ounce, as of 0502 GMT. U.S. gold futures slipped 0.8% to $3,327.50.

The dollar index rose 0.3% against its rivals, making gold more expensive for other currency holders.

The trade talks between the world's two largest economies encompass issues ranging from tariffs to rare earth metals restrictions.

Gold gains appeal during times of geopolitical and economic uncertainty and tends to do well when interest rates are low.

Elsewhere, spot silver was down 0.5% to $36.52 per ounce, platinum was flat at $1,219.65, while palladium gained 0.4% to $1,078.94. Reuters