Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted equities in Asia Friday and Treasury yields overnight. Palladium traded above $1,400 an ounce.
Still, overall sentiment is positive for the precious metal. Gold traders and analysts in a weekly Bloomberg survey remained bullish for a 10th week. Peter Grosskopf, chief executive officer of Sprott Inc., said a shift in Federal Reserve policy will stoke investor interest, with the U.S. government shutdown, trade tensions, stock volatility and Brexit all adding to uncertainty, underpinning the appeal of bullion as a haven.
Spot gold little changed at $1,291.31/oz at 1:36pm in Singapore; -0.1% Thursday. Metal little changed this week.
Source : Bloomberg