Gold prices fell on Thursday in Asia as global stocks recovered on the positive Hong Kong’s political development and reports that the U.S. and China would resume trade talks in October.
Gold Futures for December delivery were down 0.4% at $1,553.55 per ounce on the Comex division of the New York Mercantile Exchange by 12:25 AM ET (04:25 GMT).
The fall in the safe-haven metal came after the withdrawal of a controversial extradition bill in Hong Kong.
The bill has sparked unexpected political unrest in the city since June, and the complete withdrawal of it was one of five demands that protesters have been fighting for.
However, despite the announcement, most believe that the unrest would continue.