Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted U.S. equities and Treasury yields overnight. Palladium traded above $1,400 an ounce.
Trump administration officials are considering measures to roll back tariffs on Chinese products in order to calm financial markets, the Wall Street Journal reported. While the Treasury denied that reporting, the story reinforced previous signs the administration is more eager for a deal to help support financial markets.
Spot gold -0.1% to $1,291.01/oz at 8:56am in Singapore; -0.1% Thursday. Metal little changed this week.
Source : Bloomberg