Bengaluru — Gold gained on Monday as the dollar eased on optimism that the US and China are nearing a deal to end their trade war while palladium set another record high on deepening supply constraints. Spot gold rose 0.1% to $1,329.54 an ounce at 10.45am GMT and US gold futures were down 0.1% at $1,331.70. Capping gains were higher share prices, which rose on signs of progress in the US-China trade conflict. US President Donald Trump on Sunday said he would delay an increase in US tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued. “The risk sentiment in the equity market is pretty positive against the backdrop of the US-China trade talk news and some support from the Chinese government, which is negative for gold,” said Julius Baer analyst Carsten Menke. “At the same time, we see that the dollar is a tad lower, which is providing a bit of support to gold prices.” Menke added that ...

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