Bengaluru — Gold prices gained early on Monday on a weaker dollar as a trade ceasefire between the US and China revived investor demand for riskier assets. Washington and Beijing agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days. Spot gold was up 0.3% at $1,225.67/oz at 4.07am GMT, while US gold futures were up 0.4% at $1,230.40/oz. “There’s a little bit weaker dollar that seems to be the driving factor for gold,” said Stephen Innes, Asia-Pacific trading head at Oanda in Singapore, adding that the risk-on environment was, however, holding back gains. The dollar index, which measures the greenback against a basket of six major currencies, was down about 0.3%. The US currency has been the preferred safe haven this year as the US-China trade war unfolded against a backdrop of higher US interest rates, denting the bullion’s appeal. Ho...
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