Bengaluru — Gold prices held steady on Thursday as the dollar eased after US President Donald Trump and European commission president Jean-Claude Juncker agreed to work towards eliminating trade barriers, easing the immediate concern about global trade tension. Spot gold was little changed at $1,231.12/oz, as of 4.12am GMT. Earlier in the session, the metal hit $1,235.16, its highest in more than a week. US gold futures for August delivery were 0.03% lower at $1,231.40/oz. The dollar sagged on Thursday and the euro advanced, as the US and the EU agreed to begin talks towards easing trade barriers on industrial goods. Trump on Wednesday agreed to refrain from imposing car tariffs, while the US and EU launched negotiations to cut other trade barriers, easing the threat of a transatlantic trade war. "The meeting between the EU president Juncker and President Trump in which they discussed moves to ease trade tensions led to some softening of the US dollar index, which has helped push up...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.