Bengaluru — Gold rose on Tuesday’s slight pause in the dollar’s rally as the US and China continue talks aimed at ending their trade conflict. Spot gold was up 0.3% at $1,312.45 an ounce at 10.52am GMT after falling 0.4% in the previous session. US gold futures gained 0.4% to $1,316.70. “The sentiment [on Tuesday] morning is a little more constructive towards the deal,” said ING analyst Warren Patterson. “The [gold] price direction really hinges on how these trade talks play out. A positive outcome at trade talks could weigh on the dollar and that is constructive for gold prices.” The dollar steadied after climbing to its highest level since mid-December, having been the preferred refuge for investors concerned about the trade row. US trade representative Robert Lighthizer arrived in Beijing on Tuesday ahead of high-level trade talks to hammer out a deal ahead of a March 1 deadline. Also on investors’ radar is a long-drawn stalemate in Washington over funding for a border wall with ...
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