Gold retreats after approaching a four-week high

Gold prices fell on Tuesday, after approaching a four-week high, as a modest rise in the dollar pressured the yellow metal. However, uncertainty over the US-China trade agreement kept investors cautious and limited the decline.

Spot gold fell 0.3% to $3,369.98 per ounce by 02:49 GMT, after reaching its highest level since May 8 earlier in the session. US gold futures were steady at $3,390.

The yellow metal rose about 2.7% in the previous session, its strongest daily performance in more than three weeks.