Gold fell to its lowest level in five weeks on Monday, with the dollar consolidating and investor appetite for higher-risk assets amid hopes of calming the trade dispute between the United States and China. p> The spot price of gold was down 0.5% to $ 1286.60 an ounce, after touching its lowest level since January 25 earlier in the session, and US gold futures fell 0.9 % To $ 1,288 an ounce.

It is worth noting that gold witnessed a sharp drop by 2.6% last week, which is the biggest weekly decline for him in more than a year and a half.

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Optimism for Sino-US trade agreement pushes oil up