By Brijesh Patel (Reuters) -Gold prices fell more than 1% on Monday, as the dollar held firm and hopes for de-escalation in U.S.-China trade tensions dented appetite for safe-haven assets. Spot gold was down 1.

Gold retreated sharply from an all-time high in the past week as risk-aversion sentiment abated following Trump’s softened tone on China tariffs. While the price drop may continue in the near term, analysts expect gold to extend its long-term rally due to ongoing uncertainties.