Gold futures headed lower Thursday as markets reacted to a wave of Sino-American trade developments, amid important meetings between high-level trade delegates in Washington, D.C.
December gold on Comex was off $4.30, or 0.3%, to $1,508.40 an ounce, after rising 0.6% on Wednesday. Futures for gold have settled lower in three of the past four sessions, however.
Meanwhile, December silver lost 14 cents, or 0.8%, to reach $17.680 an ounce, following a gain of 0.6% a day ago.
Markets have been bouncing around as U.S.-China trade negotiations get under way in earnest on Thursday. A number of conflicting reports over the likelihood of a deal had knocked stocks and gold prices around.
Source : Market Watch