Gold fell nearly 1% on Tuesday as signals of easing U.S.-China trade tensions reduced some safe-haven demand, while investors braced for key economic data this week to gauge the Federal Reserve's policy outlook.

Gold fell further from last week’s record high as easing trade tensions instill new risk appetite into global markets.

Gold prices slipped on Tuesday while Bitcoin continued its stay over $90,000, as trade tensions between the US and China eased, ahead of a packed week of economic reports that investors will keep a close eye on.