Gold held a drop as investors weighed signs of progress in U.S.-China trade negotiations, though sentiment was capped amid some skepticism about the accord.
The U.S. and China agreed on the outlines of a partial trade accord Friday that President Donald Trump said he and his counterpart Xi Jinping could sign as soon as next month. The official Chinese response to the “phase one” trade deal was wary but welcoming.
Spot gold -0.2% to $1,486.50/oz at 12:34pm in Singapore; -1% last week.
Spot silver +0.2% to $17.5726/oz. Palladium little changed at $1,700.45/oz, after reaching record $1,707.51 on Friday.
Source : Bloomberg