Bengaluru — Gold prices slipped on Monday as risk aversion waned with the progress in US-China trade talks, while a firm dollar kept the bullion under pressure. Spot gold was down 0.4% to $1,312.56/oz as of 4.55am GMT, having hit their highest since April 26 at $1,326.30 on Thursday. US gold futures fell 0.4% to $1,317/oz. “The plunge [from Thursday’s peak] came along with fading enthusiastic for safe-havens, as US and China are moving to close a deal and many uncertainties surrounding the US government shutdown, Brexit, Fed policy were cleared last week,” said Margaret Yang, a market analyst with CMC Markets. The US-China trade talks had a “good vibe” with much work remaining, White House economic adviser Larry Kudlow said on Friday, fanning the hope of an end to the long-drawn trade tiff between the world’s two largest economies. Meanwhile, the dollar was near a one-week high against the yen on the back of robust US jobs data. “Upbeat nonfarm payroll suggests the US economy is rid...
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