Gold prices fell on Monday as expectations of an interim trade deal signing between the United States and China boosted the dollar and dented some of bullion's safe-haven appeal. Spot gold dipped 0.4% to $1,555.76 per ounce. U.S. gold futures fell 0.2% at $1,556.30. A Phase 1 trade deal between Washington and Beijing is due to be signed at the White House on Wednesday, although negotiations on a phase two deal could go on for months. U.S. Treasury Secretary Steven Mnuchin said on Sunday, China's commitments in the Phase 1 trade deal were not changed during a lengthy translation process and will be released this Gold prices had gained 18% last year on the backdrop of a protracted trade tussle between the world's top two economies and its impact on global growth.week. The dollar index nudged higher boosted by optimism ahead of a trade agreement finalisation, making gold more expensive for buyers using other currencies. Physical gold demand improved in India in the second half of last week as domestic prices slipped from a record high, though demand in other Asian regions was dented by a spike in global prices to their highest in nearly seven years.