Gold declined for a second day as optimism over the outcome from trade talks between the U.S. and China spurred appetite for risk, with global equities rising. Palladium motored to another record.
Spot gold -0.2% to $1,282.96/oz at 8:09am in London, after -0.3% Tuesday: Bloomberg generic pricing. In other precious metals, Silver -0.2%, Platinum +0.6% and Palladium as much as +0.9% to record $1,340.61/oz.
China and the U.S. concluded trade talks that were extended by one day, and China will release a statement soon on the result, a government spokesman said in Beijing. President Donald Trump is increasingly eager to strike a deal in an effort to perk up financial markets that have slumped on concerns over the trade war, according to people familiar with White House deliberations.
Source : Bloomberg