The Gold price (XAUUSD) has extended its decline, currently trading around $3,245 during early Asian session on Thursday. The precious metal is edging lower toward a two-week low amid easing tensions in US-China trade relations and increased demand for the U.S. dollar.

Market observers suggest that the demand for gold may further diminish as the dollar strengthens, leading to a decline in the precious metal’s appeal.

Traders are advised to stay updated on market trends that could significantly impact gold prices in the near future.