Gold prices edged lower on Friday as U.S. President Donald Trump’s remarks on progress in Sino-U.S. trade talks lifted risk appetite, while palladium was set to end a three-day winning streak after touching a record high in the previous session.
Spot gold was down 0.2% at $1,491.12 per ounce, as of 0105 GMT. U.S. gold futures dipped 0.2 % to $1,498.50.
Spot Palladium shed 0.1% to $1,698.06 per ounce, after hitting an all-time peak of $1,704.59 on Thursday.
Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday as business groups expressed optimism the two sides might be able to ease a 15-month trade war and delay a U.S. tariff hike scheduled for next week.