Gold held an advance as investors weighed the partial trade deal between the U.S. and China, with investors keen for greater detail on the pact’s contents so they can better gauge the consequences for raw materials including bullion, and a clearer sense of what remains to be addressed.
Bullion seesawed on Friday before ending higher after Washington and Beijing agreed to the first phase of a broader deal that will see China boost imports, including of American agricultural products, and the U.S. paring duties.
Spot gold to $1,474.21/oz at 8:45am in Singapore; +0.4% on Friday. Bloomberg Dollar Spot Index steady near lowest level in six weeks.
Other precious metals: Silver little changed at $16.9309/oz, Palladium +0.6% to $1,944.66/oz, after touching a record $1,982.01 on Friday, Platinum -0.2% to $926.80/oz.