Gold erased gains to trade little changed after China’s chief negotiator Liu He said he was “cautiously optimistic” about reaching a phase one trade deal with the U.S.
Spot gold little changed at $1,471.02/oz at 7:33am in London; earlier as much as +0.3% and -0.2%. Bloomberg Dollar Spot Index steady.
This comes amid expectations that President Donald Trump will likely signlegislation passed by Congress supporting Hong Kong protesters, setting up a potential confrontation with China, which has threatened to retaliate.
Source : Bloomberg