Gold held steady on Wednesday as a surge in risk appetite on hopes of a Sino-U.S. trade deal offset support from expectations of a pause in U.S. Federal Reserve rate hikes.
Spot palladium, meanwhile, notched up a new record high on Wednesday at $1,330 per ounce due to tight supplies.
Spot gold was little changed at $1,285.62 by 00:41 GMT.
U.S. gold futures were also steady at $1,286.70 per ounce.
The United States and China will continue trade talks in Beijing for an unscheduled third day, a member of the U.S. delegation said on Tuesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets.
Trump, in a post on Twitter on Tuesday, reiterated his recent statement that the talks with China were going well but gave no details.