London — Gold prices steadied on Friday after US President Donald Trump said a meeting with North Korea’s leader could still go ahead, easing concerns that had driven gold above $1,300 an ounce the previous session when the US president said the meeting was off. Spot gold was down 0.1% at $1,303.3 an ounce at 2.46pm GMT and on track for a weekly gain of 0.9%, its biggest since March. US gold futures for June delivery were also 0.1% lower at $1,302.60. Julius Bär analyst Carsten Menke said the uncertainty over the US-North Korea meeting was likely to have only a temporary impact on gold, traditionally used as a safe place to park assets in times of instability. "This is pretty typical for these kinds of geopolitical jitters. Very short-term, sharp reaction, then a lack of follow through, given that this basically does not have any implication for the global economy or financial markets," he said. "Based on this pattern and on gold’s very tight relationship with the dollar, this uplif...
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