Gold prices dipped on Friday as the United States and China indicated they may resume talks to resolve their protracted trade conflict, putting the metal on track for a small weekly loss despite a strong month.
Spot gold fell 0.2% to $1,525.06 per ounce, as of 0112 GMT.
For the month, bullion is set to rise 7.9%. However, for the week, it’s headed for a mild loss of 0.1%, following four weeks of gains.
U.S. gold futures were also down 0.2% at $1,534.50 an ounce.
China’s commerce ministry said on Thursday Beijing and Washington were discussing the next round of face-to-face talks scheduled for September, but added it was important for Washington to cancel a tariff increase.
Source : Reuters