Gold prices rebounded on Wednesday after falling 2% in the previous session as markets embraced risk following the latest trade news.
U.S. Gold Futures inched up 0.2% to $$1,486.95 by 12:30 AM ET (04:30 GMT).
Multiple media reported this week that the U.S. and China are close to signing a partial trade deal after the U.S. administration are reportedly prepared to annul the September increase in tariffs on Chinese imports, which affected over $100 billion worth of annual imports.
On the data front, the U.S. reported better-than-expected ISM non-manufacturing data for October, which eased some fears of global economic slowdown.
Source : Investing.com