Gold retreated after a fifth weekly advance as Iran’s focus shifts from a stand-off with U.S. President Donald Trump to deepening domestic protests, while the U.S. and China get set to ink a trade agreement.
Investor anxiety about potential military conflict in the Middle East is easing, with Iran’s leaders now facing unrest after admitting their forces accidentally downed a passenger jet. China’s trade negotiators head to Washington this week to sign the first-phase trade deal that brings trade arguments to an end, for now.
Palladium held near a record.
Spot gold was down -0.5% at $1,555.27/oz by 6:10am London time.
Source : Bloomberg