Gold trades steady, set for its biggest weekly drop in five weeks, as investors weigh easing trade tensions between the U.S. and China ahead of the U.S. Federal Reserve’s final policy meet of 2018 next week.
China is considering plans to delay some targets in its strategy to dominate high-end technologies as it tries to ease trade tensions with the U.S. The dollar is poised to post its biggest weekly advance in 3 weeks.
Spot gold little changed at $1,242.26/oz at 10:46am in Singapore; -0.6% this week.
Other precious metals; Silver -0.4%; +0.5% this week. Platinum -0.1%; +0.4% this week. Palladium -0.5% after hitting record $1,271.69/oz on Thursday.