Gold slips

Bengaluru

Gold prices fell on Tuesday as easing tensions between the United States and North Korea pushed investors to seek riskier assets such as equities.

Spot gold was down 0.6 percent at $1,274.31 per ounce as of 0626 GMT.

U.S. gold futures for December delivery shed 0.8 percent to $1,280.10 per ounce.

"It is safe to say that the safe-haven demand is badly quelled," said Naeem Aslam, chief market analyst at Think Markets.

"The Asian markets are poised to build on this momentum." Asian shares rallied and the dollar firmed, as North Korean leader Kim Jong Un said he would watch the actions of the United States for a while longer before making a decision on firing missiles towards U.S. Pacific territory Guam.

U.S. Defence Secretary Jim Mattis however warned on Monday that its military would be prepared to intercept a missile fired by North Korea if it was headed to Guam."