12.11.201909:29:00UTC+00Gold Marginally Lower In Cautious Trade

Gold prices were moving lower on Tuesday as investors awaited a speech by U.S. President Donald Trump at the Economic Club of New York later in the day for clues on the status of the Sino-U.S. trade talks.

Spot gold slid 0.1 percent to $1,454.70 per ounce, while U.S. gold futures were down 0.15 percent at $1,455.25 per ounce.

Investors await Trump's speech for signs of progress on the months-long trade dispute with China.

Trump said on Saturday that talks with China were moving along "very nicely" but the United States would only make a deal if it was the right one for Washington.

He also described as "incorrect" reports about how much the U.S. was ready to roll back tariffs on China.

Fresh pro-democracy protests in Hong Kong provided some support to the safe-haven metal.

Hong Kong police fired tear gas in the heart of the Central financial district and at two university campuses to break up pro-democracy protests as transport was disrupted by protesters for the second day running.