Gold fell nearly 2% to a two-week low on Thursday as signs of easing trade tensions boosted risk appetite and reduced bullion's safe-haven appeal, while a stronger U.S. dollar also weighed on prices.

Gold prices have slipped below two crucial areas of support as hopes of a trade deal between the US-China continues to grow. The precious metal is now trading near a two-week low. Risk appetite and sentiment continues to improve on rising hopes that a trade deal between the US-China will be reached.