Gold futures fell, influenced by increased risk appetite and a stronger US dollar.

Gold futures fell due to a strengthened US dollar and profit-taking, with futures prices dropping by 2.65% to $3231.0 per ounce, still up 20% since the beginning of the year; since hitting a new record high of $3509.90 per ounce on April 22, the price of gold has fallen by nearly 7.9%; market risk appetite has increased, demand for safe-haven assets has decreased, as hopes for the US to sign a trade agreement in the near future have risen. The market is now focusing on Friday's US non-farm payrolls report, weak data will boost expectations of a rate cut by the Federal Reserve, increasing the attractiveness of gold.