Gold prices fell below $4,000 per ounce on Monday as signs of a thaw in US-China trade tensions reduced some of bullion's safe-haven appeal, while market participants awaited the Federal Reserve's interest rate decision this week.

Spot gold was down 2.6% at $4,005.11 per ounce at 10:13 a.m. ET (1413 GMT), after briefly falling below the $4,000 per ounce mark earlier in the session. U.S. gold futures for December delivery were down 2.9% at $4,019.00.

In addition to technical selling, gold is "seeing a further decline because of an unwinding of trade tensions that had taken prices from $3,800 to $4,400 over the course of the first three weeks of October," said CPM Group managing partner Jeffrey Christian.

Gold, a traditional safe haven, climbed to a record high of $4,381.21/oz on October

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