Gold futures trade lower Friday, halting a rebound after upbeat comments on the outlook for a “phase one” trade deal between the U.S. and China robbed the metal of its haven appeal.

Gold for December delivery on Comex was off $5.30, or 0.4%, at $1,468.10 an ounce, while December silver declined 14.3 cents, or 0.8%, to $16.885 an ounce.

Analysts tied weakness to remarks by White House economic adviser Larry Kudlow late Thursday, which stoked optimism for a deal without providing much in the way of detail.

Source : Market Watch