Gold futures essentially hugged the flat line for a second straight session, with investors hitting pause as financial markets all around await an update reported progress in trade negotiations between the U.S. and China.
Speculation in recent days for a breakthrough in talks bolstered appetite for stocks and away from bullion, while the U.S. dollar twisted between gains and losses. Still, gold bulls have said that while global bond yields have bounced back this week, their decline so far this year as global central banks turn more dovish should help set a floor for precious metals.
Gold for June delivery on Comex fell $2.20, or 0.2%, to $1,293 an ounce, while May silver eased 10 cents, or 0.7%, to $15 an ounce.
Source : Marketwatch