Gold declines after a narrow weekly advance as investors awaited fresh developments on the trade front and weighed data that showed a drop in holdings in bullion-backed exchange-traded funds.
Spot gold -0.2% to $1,465.50/oz at 7:01am in London; +0.6% last week. Bloomberg Dollar Spot Index flat after -0.2% last week.
U.S. and Chinese negotiators held “constructive discussions” in a call on Saturday to address each side’s core concerns in phase one of a deal. That came after President Donald Trump’s administration signaled talks with China over the first phase of a broad agreement are entering the final stages.
Source : Bloomberg