Gold prices eased on Tuesday and the dollar firmed up against its rivals as investors fretted the U.S.-China trade war will negatively impact the world's economic growth.
Spot gold slid 0.30 percent to $1,220.77 an ounce, after declining 0.3 percent on Monday. U.S. gold futures were down 0.83 percent at $1,222.30 an ounce.
The Bloomberg reported that the U.S. announcement of the new round of tariffs on all remaining Chinese imports could come by early December, if talks next month between U.S. President Donald Trump and Chinese President Xi Jinping fail to ease the trade war.
The dollar is also benefiting from its safe haven status amid political instability in Germany and concerns over Italy's free spending budget that would breach the European Union's fiscal rules.
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