Gold slips to three-week low-

Gold slipped to a more than three-week low on Tuesday, following a rise in oil prices after stalled US-Iran talks, as markets weighed inflation risks and interest-rate concerns ahead of a slew of central bank decisions, reports Reuters.

Spot gold dropped 1.6 per cent to $4,605.18 per ounce, as of 1105 GMT, its lowest level since April 6. US gold futures for June delivery fell 1.6 per cent to $4,619.10.

"Today's decline in gold (and silver) prices mirrors an ?increase in oil prices due to the lack of progress in the negotiations between the US and Iran," said Julius Baer analyst Carsten Menke.

US President Donald Trump is unhappy with the latest Iranian proposal on resolving the two-month war, a US official said, dampening hopes for a resolution to the conflict that has disrupted energy supplies, fuelled inflation and killed thousands.