Gold held near a five-week low as investors exited from exchange-traded funds backed by the metal on improved risk sentiment amid prospects for a U.S.-China trade deal. Palladium fell again.
Global holdings in bullion-backed ETFs dropped to lowest since Jan. 10. The U.S. jobs report Friday may provide direction for markets to gauge the strength of the economy and the Federal Reserve’s path for monetary policy.
Spot gold +0.1% to $1,289.34/oz at 7:58am in London.
Source : Bloomberg