Gold prices fall as trade tensions between US-China moderate

Gold prices fall as trade tensions between US-China moderate

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LONDON: Gold prices take a downward-slight on Thursday after the United States and China appeared to be seemingly ready to resolve a trade dispute thro­ugh negotiations, redu­cing demand for bullion as a safe resort to park assets.

Investors plunged money back into equities, pushing global stock markets higher, while the dollar strengthened, making gold more expensive for users of other currencies.

Spot silver was flat at $16.29 an ounce. Platinum was 0.4% lower at $907.99 an ounce after touching $901.50, its lowest since December.

 

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