Bengaluru — Gold prices slipped for a fourth straight session on Tuesday as recent upbeat economic data and signs that Washington and Beijing were making headway in a nearly year-long trade tariff skirmish boosted risk sentiment. Better economic conditions motivate investors to pivot towards equities that are interest-bearing assets and shun the nonyielding bullion. Spot gold was down 0.2% at $1,284.98 per ounce, as of 0326 GMT. In the previous session, the bullion dropped to $1,281.96, its weakest since April 4. US gold futures shed about 0.3% at $1,287.60 an ounce. “The main reason what pressures gold is the improved economic data ... for countries such as China for example, things have turned around a fair bit,” said analyst Dominic Schneider of UBS Wealth Management in Hong Kong. China reported better-than-expected credit and export figures last week that allayed concerns regarding the pace of economic growth. Meanwhile, jobs data from the US last week also lifted sentiment, ...
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