Gold prices are modestly down on Friday in Asia after reports said an agreement in principle had been reached on a phase one trade deal between the U.S. and China.
U.S. Gold Futures slipped 0.1% to $1,471.85 by 12:45 PM ET (04:45 GMT).
The written text of the phase one agreement is still being finalized, reports said, but the U.S. has agreed not to impose more tariffs on China this weekend as originally planned.
Since the week began, attention across markets has been riveted on the trade war and how the Trump administration would proceed come Sunday, the deadline for the imposition of tariffs on another $156 billion worth of Chinese goods.
Source : Investing.com