Gold prices hit their lowest in over a week on Tuesday, extending losses from the previous session as investor appetite for riskier assets such as equities began to pick up. Asian shares marked a 10-year peak early in the day and the dollar held gains, with investors breathing a sigh of relief as fears over North Korea eased slightly and the worst-case scenario from Hurricane Irma looked to have been avoided.

Spot gold had edged 0.2-percent lower to $1,324.80 an ounce by 0330 GMT, after earlier touching its lowest since Sept. 1. The metal lost 1.4 percent in the previous session, its biggest one-day percentage decline since early July. U.S. gold futures for December delivery were down 0.5 percent at $1,329.40 an ounce.

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