A weak Wall Street and confidence in the German economy means the same thing for gold: sell.
The pound moved off session lows against the dollar on Tuesday, but remained under pressure amid concerns about weaker inflation data and fresh worries about a no-deal Brexit ahead of trade talks between the EU and U.S. set for next week.
U.S. stocks are set to open lower Monday, as investors look to pocket some of the recent gains amid protests over the timing of economic reopening in a number of states.
Oil continued to slide from the previous session on Monday in Asia as producers continue to grapple with a supply glut.
Gold was down Monday morning in Asia even as risk sentiment soured over the weekend. Investor sentiment got a boost at the end of last week.